for each of the scenarios, calculate the surplus and indicate if it is a producer surplus or a consumer surplus.
Answers
The answer is Producer Surplus.
Where is producer surplus?A measure of producer welfare is producer surplus. On a graph, it is shown as the region below the equilibrium price and above the supply curve.By deducting total marginal costs from total revenue, producer surplus is calculated. It can also be calculated based on each sold item by deducting the item's marginal cost from its income. Total Revenue - Total Marginal Costs equals Producer Surplus.The difference between what a consumer is willing to pay and what they actually spent for a product is referred to as the consumer surplus. The difference between the market price and the lowest price a producer will accept to create a good is known as the producer surplus.For each scenario, calculate the surplus and indicate if it is a producer or consumer surplus.
Alice has a
Consumer surplus
Surplus 35-30=$5
Nicole has a
Producer surplus
Surplus=500-500=0
Claire has a
Producer Surplus
Surplus=125-100=$25
Roy has a
Consumer Surplus
Surplus=2.50-2.75=-0.25
Consumer Surplus is the difference between what the consumer is willing to pay and what they actually pay. Consumer surplus can be negative in some cases.
Consumer surplus= Willingness to Pay - Price Actually Paid
Producer surplus is the difference between what producers are willing and able to sell and the price that they actually receive.
Producer Surplus=Price received- Willingness to accept.
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Related Questions
In what three ways does the government affect production of goods and services in the US economy?
Answers
An ad for Bagels, Inc., attracts buyers who would otherwise have made purchases from Croissant Company. To bring a successful claim against Bagels, Inc., under the federal Lanham Act for false advertising, Croissant must establish that
Answers
Under the federal Lanham Act for False Advertising, Croissant must establish that the ad was false or misleading and that shoppers were misled by the ad.
What is false advertising?It corresponds to a situation where manufacturers and traders of goods and services offer non-existent or misleading offers to the consumer, with the objective of attracting him and obtaining profitable advantages, for example, through the tactic of bait and hidden information.
Therefore, there are laws that protect the consumer and combat the spread of misleading advertising, since when running an advertisement companies must follow certain legal rules.
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_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity
Answers
Answer:
Workforce diversity
Explanation:
Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.
Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.
The point at which supply equals demand is called
Answers
………..,.,,.,……..,.,.,,
Answer:
equilibrium
Explanation:
When sold for $725.00, a certain desktop has an annual supply of 123.5 million computers and an annual demand of 155.5 million computers. When the price increases to $849.00, the annual supply increases to 144 million computers, and the demand drops to 140.5 million computers. NOTE: Round slope and vertical intercept to 4 decimal places and use those rounded values to the end. (a) Assuming that the supply and demand equations are linear, find the supply and demand equations. Supply Equation p= Demand Equation p= (Note: The equations should be in the form p=mq+b where p denotes the price (in dollars) and q denotes the quantity (in billions). The slope and y-intercept should be accurate to two decimal places). (b) Find the Equilibrium price and quantity. Equilibrium price p= Equilibrium quantity q= Note: The equilibrium price and quantity should be accurate to two decimal places, nd the equilibrium price should include a dollar sign).
Answers
The equilibrium price is approximately $728.24, and the equilibrium quantity is approximately 138.84 billion computers.
(a) To find the supply and demand equations, we need to determine the slope (m) and y-intercept (b) for each equation. Let's start with the supply equation:
Using the given points (123.5, 725) and (144, 849), we can calculate the slope as:
m = (849 - 725) / (144 - 123.5) ≈ 0.7792
To find the y-intercept (b), we can substitute one of the points into the equation and solve for b. Let's use (123.5, 725):
725 = 0.7792 * 123.5 + b
725 ≈ 96.16 + b
b ≈ 725 - 96.16 ≈ 628.84
Therefore, the supply equation is approximately p = 0.7792q + 628.84.
Now let's find the demand equation using the given points (155.5, 725) and (140.5, 849):
m = (849 - 725) / (140.5 - 155.5) ≈ -0.7193
Using (155.5, 725):
725 = -0.7193 * 155.5 + b
725 ≈ -111.99 + b
b ≈ 725 + 111.99 ≈ 836.99
Thus, the demand equation is approximately p = -0.7193q + 836.99.
(b) The equilibrium price and quantity occur when the supply equals the demand, so we can set the supply and demand equations equal to each other:
0.7792q + 628.84 = -0.7193q + 836.99
Simplifying the equation, we get:
1.4985q = 208.15
q ≈ 138.84
Substituting this value into either equation, we find:
p ≈ 0.7792 * 138.84 + 628.84
p ≈ 728.24
Therefore, the equilibrium price is approximately $728.24, and the equilibrium quantity is approximately 138.84 billion computers.
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What are two types of organizational structures designed to help an organization achieve its goals and objectives?
Answers
Answer:
the only one I can think I office procedure
Select the correct answer from each drop-down menu.
What does a personal budget do?
A personal budget provides a ( salary slip, detailed account, summary)
of income and expenses for a (monthly,given,yearly)
period.
Answers
Answer:
A personal budget provides a detailed account of income and expenses for a period.
Explanation:
A personal budget is a plan of how one intends to spend their income. It shows the source of income and the total on one side. The expenses are listed on a different side. Each expenditure item is listed and its estimated amount is indicated. The total of all incomes and expenses is shown on their respective sides.
A personal budget may be prepared for a regular income say monthly, weekly, or quarterly payments. It can also be prepared for irregular incomes such as loans, gifts, or bonuses.
Answer:
A personal budget provides a Summary of income and expenses for a
Given period
Explanation:
got it right on the test for edmentum.
a company subscribing to ethical relativism would implement the morality of the ________.
Answers
A company which is subscribing to ethical relativism would be prevalant to the morality of the host nation.
According to the ethnocentric ethical perspective, a business would uphold the morals prevalent in its own nation. A business that adheres to ethical relativism will adopt the local morality that is suitable in the nation in which it conducts business.
The idea that ethics is rooted in cultural standards is refered to as ethical relativism. In other words, the ethical judgments of the culture within which a behaviour is engaged determine if it is acceptable or not. The similar behaviour could be ethically acceptable but unethical in the another community.
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3 Do you think the conflict of interests between these different stakeholder groups could ever be resolved? Explain your answer. [10]
Answers
Answer:
t is possible to resolve conflicts of interest between groups of stakeholders using some techniques and strategies that seek to integrate stakeholders and promote agreements that benefit everyone.
Explanation:
Managing conflicts is not a simple task, so it requires substantial efforts by the entire administration to develop the best strategies for resolving conflicts. It is essential that there is an understanding of the reasons that led to the conflicts and the search for solutions that benefit the greatest possible number of stakeholders.
In a conflict situation, communication is an essential tool in the resolution, it is necessary to know how to listen to all parties and be transparent about the search for an agreement that benefits everyone. It is necessary to integrate the teams and make each one feel heard and understood with regard to conflict and claims. The search for solutions must be the main objective when resolving a conflict, when managed effectively, it is possible to eliminate the reason for the conflicts and even make the teams more motivated at work.
Which is NOT something you should look for in a savings account?
a) Low (or no) monthly fee
b) Rewards for using your debit card
c) Free online banking
d) Competitive interest rate
Answers
Answer:
b) Rewards for using your debit card
Explanation:
If it’s a saving account why would I using my debit?
Please write a one-page reflection with introduction, content paragraphs, conclusions, and recommendations about Global E-Waste Tragedy.
Answers
The global e-waste tragedy presents a pressing environmental and public health crisis. Urgent action is needed to address the causes and consequences of e-waste. By implementing strict regulations, raising public awareness, and fostering collaboration among stakeholders, we can mitigate the negative impact of e-waste and transition towards a more sustainable and circular economy.
Introduction:
The global e-waste tragedy is a growing concern that demands urgent attention. With the rapid advancement of technology and increasing consumerism, electronic waste has become a significant environmental and health issue.
This reflection explores the impact of e-waste on the environment and human well-being, discusses the causes and consequences of the global e-waste problem, and concludes with recommendations for addressing this crisis.
Content:
E-waste, which includes discarded electronic devices like smartphones, laptops, and televisions, poses severe risks to the environment and public health. Improper disposal and inadequate recycling methods lead to the release of hazardous substances such as lead, mercury, and cadmium into the air, water, and soil.
These toxins contaminate ecosystems, pollute water sources, and endanger human health.
The global e-waste problem can be attributed to several factors. Rapid technological advancements and the short lifespan of electronic devices contribute to the increasing volume of e-waste.
Additionally, the lack of awareness, ineffective regulations, and inadequate infrastructure for e-waste management exacerbate the problem.
Developing countries often become dumping grounds for e-waste, leading to adverse health effects on local communities. Consequences of the global e-waste tragedy are far-reaching.
Environmental degradation, including soil and water pollution, threatens biodiversity and ecosystems.
Moreover, informal e-waste recycling practices in developing countries expose workers to hazardous substances without proper safety measures, resulting in health issues and socio-economic challenges.
To address the global e-waste crisis, a multi-faceted approach is necessary. Governments should implement stringent regulations and policies to enforce responsible e-waste disposal and promote sustainable practices.
Extended producer responsibility programs can incentivize manufacturers to design products with longer lifespans and facilitate recycling processes.
Public awareness campaigns can educate consumers about proper e-waste disposal and the benefits of recycling. Collaboration between governments, businesses, and communities is crucial.
Partnerships can establish e-waste recycling facilities, improve waste management infrastructure, and create job opportunities in the recycling sector.
International cooperation can prevent e-waste dumping and promote responsible trade practices.
Conclusion:
The global e-waste tragedy presents a pressing environmental and public health crisis. Urgent action is needed to address the causes and consequences of e-waste.
By implementing strict regulations, raising public awareness, and fostering collaboration among stakeholders, we can mitigate the negative impact of e-waste and transition towards a more sustainable and circular economy.
Recommendations:
Governments should implement and enforce regulations for responsible e-waste disposal and promote sustainable practices.
Extended producer responsibility programs should be established to incentivize manufacturers to design longer-lasting products and facilitate recycling processes.
Public awareness campaigns should educate consumers about proper e-waste disposal and the benefits of recycling.
Collaboration between governments, businesses, and communities is crucial for establishing recycling facilities, improving waste management infrastructure, and creating job opportunities in the recycling sector.
International cooperation is essential to prevent e-waste dumping and promote responsible trade practices.
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Getting money to start and run a business is referred to as obtaining
OA. Collateral
OB. Business
OC. Costs
OD. Financing
Answers
Answer:
C bc process of elimination
Explanation:
A common measure of long-term solvency isO the debt to assets ratio. O inventory turnover. O the current ratio.O the asset turnover.
Answers
A common measure of long-term solvency is the asset turnover ratio.
Asset turnover ratio is the ratio between the value of a company's sales or revenues and the value of its assets. It is an indicator of the efficiency with which a company is deploying its assets to produce the revenue. Thus, asset turnover ratio can be a determinant of a company's performance.The "quick assets" (cash and accounts receivable) and "current liabilities" of a company are contrasted by the "acid-test ratio." One of the six basic calculations used to evaluate a company's short-term liquidity, or its ability to pay its debts when they become due, is this one. The most basic indicator of solvency is the debt ratio, which reveals how much of an organization's assets are funded by liabilities.
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A master franchisee, in addition to having the right to open and operate a specific number of locations in a particular area, also has the right to ________. Group of answer choices stop making royalty payments if its sales decline offer and sell the franchise to other people in its area use its own operating manuals to run its franchise outlets stop making royalty payments if it is losing money sell products made by companies other than the franchisor
Answers
Answer: Use its own operating manuals to run its franchise outlets stop making royalty payments if it is losing money
Explanation:
A franchisee is a business owner who runs a franchise. The franchisee has some rights to carry out some activities. Some of those activities include using his own ideas to run the franchise although he still has to follow the original blueprint the franchise runs on.
Also, when things begin to get bad and there is a drastic reduction in sales he can slow down remitting money to the franchisor.
Tim has worked for one employer his entire career. while he was working, he participated in the employer's defined contribution plan (traditional 401(k)]. at the end of 2021, tim retires. the balance in his defined contribution plan is $2,000,000 at the end of 2020. a) what is tim's required minimum distribution for 2021 that must be distributed in 2022 if he is 68 years old at the end of 2021? b) what is tim's required minimum required for 2021 if he turns 72 during 2021? when must he receive this distribution? c) what is tim's required minimum distribution for 2021 that must be distributed in 2022 if he turns 75 years old in 2021? d) assuming that tim is 76 years old at the end of 2021 and his marginal tax rate is 32 percent, what amount of his distribution will he have remaining after taxes if he receives only a distribution of $50,000 for 2021? e) complete form 5329, page 2, to report the minimum distribution penalty in part (d). use the most recent form available.
Answers
A) Tim's required minimum distribution for 2021, which must be distributed in 2022 if he turns 68 at the end of 2021, is $72,964.
B) Tim's required minimum distribution for 2021 if he turns 72 in 2021 is $62,964. This distribution must be delivered by the end of 2021.
C) Tim's required minimum distribution for 2021, which must be distributed in 2022 if he turns 75 in 2021, is $63,964.
D) Assuming that Tim will be 76 at the end of 2021 and his marginal tax rate is 32 percent, the amount of his distribution remaining after taxes if he only receives the $50,000 distribution for 2021 is $33,600.
E) Form 5329, page 2, is used to report the minimum distribution penalty. The information provided on the form is important to accurately fill out the form in order to accurately report the correct penalty. It includes information such as the payer's name, address, social security number, name of the retirement plan from which the distribution was taken, the amount of the distribution, and the amount of any penalties due.
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58 Anatomy and Physiology I MJB01 2 (Summer 2022) Graced potentiais Select one a cause repolaturation, 6. may be ether a depolariration or a hyperpolaruaticn. c. produce an etfect that increates with distance fromi khe poirt of stimulation d. produce an effect that spreads actively across the menharane surface. e. are often all-or-none. cient muchoice
Answers
Graded potentials are membrane depolarizations or hyperpolarizations that are smaller in magnitude than action potentials and that may be produced in dendrites and cell bodies by synaptic activity or other input. Option b is correct.
Graded potentials are the changes in electrical potentials (membrane potentials) that happen in response to a stimulus.
These graded potentials can be either depolarization or hyperpolarization of the neuron, where depolarization is the increase of the positive charge of the neuron or cell membrane making it more positive than the resting membrane potential while hyperpolarization is the increase of negative charge of the neuron making it more negative than the resting membrane potential.
Graded potentials tend to cause little change in membrane potential, and are often all-or-none. They produce an effect that spreads actively across the membrane surface and increase with distance from the point of stimulation. However, graded potentials do not cause repolarization.
Therefore, b is correct.
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Both Coca Cola and Benetton are global enterprises. Conduct online research and answer the following questions: What characteristics do these two firms display that qualify them as global enterprises?
Answers
Answer: here’s a photo of sample answer
Explanation:
Answer:
Both companies (Coca Cola and Benetton) registered as corporations, and both have a worldwide footprint across a number of countries. Both companies registered under the Companies Act of the respective countries in which they maintain a presence, and both abide by the laws and regulations of each nation.The companies operate on a large scale with huge investments in research and development, machinery, plants, and capital. They have numerous business functions that include marketing, manufacturing, market research, advertising, finance, and many more. They simultaneously work toward their core missions of generating profits, satisfying the needs of their customers, and continuously expanding their presence in current business markets and additional nations. They both raise capital from stock exchange markets.Both firms provide employment opportunities in their host nations and provide good quality products at moderate local rates. They also help in transferring resources such as raw materials and technology from advanced nations to the nations in which they operate.
Explanation:
Which of these is a nonstore retailer?
A. Nail Salon
B. Supermarket
C. Coffee Shop
D. Catalog
Answers
Answer:
D. Catalog
Explanation:
Its not a store.
The cost of interest of a $3000 loan at 12% interest per year is $720 what is the term length for this loan in years
Answers
Using simple interest the term length for this loan in years will be 2 years as the interest is 720 rate is 12% and amount is 3000
If we assume simple interest, the interest amount is computed from I = Prt, Then the length t is t = I/(Pr) t = 720/(3000×0.12) = 2.00 The term of the loan is about 2.00years, To calculate simple interest, multiply the loan principal by the interest rate, then by the length of the loan. Borrowers can acquire a ballpark approximation of the cost of borrowing by calculating simple interest. Auto loans and short-term personal loans are two common uses for simple interest loans.
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Describe the benefits of having a positive attitude.
Answers
The primary advantage of a positive attitude is it helps in achieving the objective of life by keeping clear mindsets.
What is a positive attitude?The concept of having a positive mindset is one that desires and predicts success. To bring enthusiasm into one's life and play an active role in society, one must be ready to attempt new things.
It is a mindset that enables you to notice the positive aspects of others and your own successes rather than only the shortcomings, and it contributes to a healthy way of living.
It is said that if an individual sees positivity in surroundings it helps in bringing positivity in other life as well by reshaping their mentality with positive thoughts and creativity.
Those who have an optimistic outlook tend to be wealthier and more socially skilled because they consistently see the good in every circumstance, which facilitates effective communication.
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Kitchen Creations is a company that offers low-fat, heart-healthy meals that customers can order ahead of time and have delivered weekly to their homes. Rather than seeing itself a just a producer of food products, Kitchen Creations positions itself as a firm dedicated to helping customers save time and eat healthy. Kitchen Creations has set ________ objectives.
Answers
By positioning itself to emphasize and serve the health needs of customers, Kitchen Creations has set its Marketing Objectives. The keywords here are Positioning and Marketing Objectives.
What is a Marketing Objective?This refers to the set goals or targets that a brand or a business has decided to achieve just as we have in the example of Kitchen Creative, that are strategic to its overall objectives.
Positioning is the strategic image that a business has decided to create for itself and or its products in relation to other products and or businesses that are similar to its own.
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wich situation would cause the price of a product to fall the most
Answers
Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year
5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years?
a $396,038.65
b$427,354.28
c $407,836.29
d $377,238.57
Answers
Answer:
D
Explanation:
The remaining balance on a 20-year 5/1 ARM at 3.5% interest with a 2/7 cap structure after 5 years will be $377,238.57.
Pro life tip: Do NOT finance your home with an ARM mortgage.
Good luck in your studies!
What are some actions that may be taken by a nation to reduce interest rates in a country
Answers
Answer:
If needed, the Federal Reserves has the ability to lower interest rates.
Explanation:
Why doesn't the Lorax do anything to stop the Once-ler (hint: he's a symbol)? What does this tell us
about the future of business decisions?
Answers
Answer:
The Lorax is a symbol of environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. This tells us that if we do not take steps to balance economic growth and environmental sustainability, it could lead to long-term negative consequences for the environment and future business decisions.
Explanation:
The Lorax is a children's book by Dr. Seuss that explores the environmental impact of economic growth and consumerism. In the story, the Once-ler begins cutting down Truffula trees to make a product called Thneeds, despite the warnings of the Lorax, who speaks for the trees and the animals that depend on them.
The Lorax represents environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. The Once-ler's actions are driven by his desire for profit, and he continues to cut down trees despite the negative impact it has on the environment. The Lorax, as a symbol of environmental awareness, is unable to stop the Once-ler from destroying the ecosystem, which ultimately leads to the disappearance of the Truffula trees and the animals that depend on them.
This lack of balance between economic growth and environmental sustainability is a lesson that has implications for future business decisions. If businesses prioritize profit over environmental sustainability, it could lead to long-term negative consequences for the environment, which could ultimately harm the economic viability of those businesses. It is important for businesses to consider the environmental impact of their decisions and take steps to balance economic growth and sustainability for the long-term health of the environment and economy.
Which of the following is true about certified public accountants (CPAs)?
O A. CPAs work for government agencies and corporations.
B. CPAs only work in the public sector.
C. CPAs only work in the private sector.
O D. CPAs work for small businesses but not large businesses.
Answers
Answer:
A. CPAs work for government agencies and corporations.
Explanation:
Certified public accountant (CPA) is the title for skilled, competent, and professionally trained accounts. Accountants play a significant role in any organization's success, be it a business-oriented, government institution, or not-for-profit organization. Employers seek and employ qualified and certified accountants to work in their organizations.
Both the public and private sector engage the services of certified account to take charge of accounting and financial management. The objective is to ensure that financial transactions are recorded correctly, and the financial statement reflects the true picture of the organization as per the generally accepted accounting principles.
On January 2, 2015, Banno Corporation issued $1,500,000 of 10% bonds at 97 due December 31, 2024. Interest on the bonds is payable annually each December 31. The discount on the bonds is also being amortized on a straight-line basis over the 10 years. (Straight-line is not materially different in effect from the preferable "interest method.")The bonds are callable at 101 (i.e., at 101% of face amount), and on January 2, 2020, Banno called $900,000 face amount of the bonds and redeemed them.Ignoring income taxes, compute the amount of loss, if any, to be recognized by Banno as a result of retiring the $900,000 of bonds in 2020. (Round answer to 0 decimal places, e.g. 38,548.)Loss on redemption
Answers
Answer:
$22,500
Explanation:
Computation of the amount of loss
Loss on redemption of bonds=[($900,000*101%)+(100%-97%*$900,000/10 years*5years)]-$900,000
Loss on redemption of bonds=[($909,000)+(3%*$900,000/10 years*5 years)]-$900,000
Loss on redemption of bonds=($909,000+$13,500)-$900,000
Loss on redemption of bonds=$922,500-$900,000
Loss on redemption of bonds=$22,500
Note that 1/2/2016 - 1/2/2020 will give us 5 years which means that there are 5 years left making the balance in the discount Account to be $13,500.
Therefore the amount of loss will be $22,500
for a conviction of a dui you could pay a fine of not less than $500 or more than $2,000. a) first b) second
Answers
The fine for a conviction of DUI is not less than $500 or more than $2,000, and it can be affected by whether or not it is a first-time or second-time conviction. The correct answer is a.
This act is unlawful and may lead to fines, suspension of a driver's license, or imprisonment.The following points outline the differences in fines between first and second convictions:First ConvictionIn the case of a first-time DUI conviction, the guilty party may be required to pay a fine of not less than $500 and no more than $2,000. In addition to the fine, the driver's license may be suspended for 90 to 365 days.
Community service may also be a requirement, with the offender needing to serve no less than 48 hours and no more than 100 hours. The driver may be required to complete a drug or alcohol education or treatment program.Second ConvictionIn the case of a second-time DUI conviction, the guilty party may be required to pay a fine of not less than $500 and no more than $4,000.
The driver's license may be suspended for 180 days to 2 years. The driver may be required to serve a sentence of up to one year in jail, and they will need to complete 80 to 200 hours of community service. Finally, the driver will be required to complete a drug or alcohol education or treatment program to regain their driving privileges. The correct answer is not mentioned.
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Retailers provide value to product manufacturers by:.
Answers
Answer:
allowing manufacturers to focus on product development and production.
Explanation:
Hope it helps.
What is decreasing marginal utility?
Answers
Answer:
Diminishing Marginal Utility. Consuming one candy bar may satisfy a person's sweet tooth. If a second candy bar is consumed, the satisfaction of eating that second bar will be less than the satisfaction gained from eating the first. If a third is eaten, the satisfaction will be even less.