Answer: (D) Marketing channel or channel of distribution
Explanation:
The marketing channel is one of the type of organization that perform various types of activities for purpose of transmission of the products and the services from the manufacturer to the customer or the end user.
It is also known as the distribution channel and it include the various types of business strategies for promoting the product.
According to the given question, the Kayak is one of the type of organization that publicly allow their database for the purpose of searching the best deals for the hotels or airline.
Therefore, The kayak is one of the part of marketing channel or the channel of distribution.
Answer:
Marginal utility of each becomes negative
Explanation:
Utility is defined as the level of satisfaction that a person gets from consuming a product.
The person keeps on consuming the item until the level of marginal utility for the product becomes less than zero.
That is there is no satisfaction anymore in consuming the product.
In the given instance Thomas will continue to consume both candy bars and ice cream until the level of satisfaction (marginal utility) is now less than zero or negative
Answer:
A production combination outside of the PPF is unattainable by the economy with the given resources and technology.
This represents the Concept of scarcity in economics.
If the economy wishes to achieve the production point outside the frontier, they will have to enhance the production possibility capacity by introducing new technology or finding new resources.
Explanation:
