Answer:
A large office can be found in big organisations with many clerical workers. An example of a large office is a bank. A factory could also be an example of a large office if it has more than ten people working in it. In a large office, work is divided among the many clerical workers.
Answer:
The correct answer is C
Explanation:
Positive technological change or variation occurs or happen when the business or the firm is able to produce or manufacture more amount of output by using the same amount of inputs or the same output which have the fewer inputs.
The example of positive technological change occurs when the firm or the business installs the faster machinery and makes the firm more profitable through increasing the revenue.
Federal Open Market Committee
Managers, this is symbolic of how business is run in U.S. culture.
Answer:
Falls:rises.
Explanation:
The MU/P (Marginal Utility/Price) ratio for good X is greater than the MU/P (Marginal Utility/Price) ratio for good Y. To achieve consumer equilibrium, the consumer reallocates dollars from the purchase of good Y to the purchase of good X. If the law of diminishing marginal utility holds, the marginal utility of good X falls and the marginal utility of good Y rises.
The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.
Also, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.
Hence, the marginal utility of good X falls and the marginal utility of good Y rises because the consumer no longer derive satisfaction or benefits (utility) from the consumption of good X while he would switch to good Y for satisfaction.
