Answer:
Consumers would not keep buying ice cream at $2.75 because after purchasing a certain amount of ice cream, utility would be maximised and consumers would not value ice cream at $2.75 anymore. Consumers would not purchase a product it the marginal utility that would be derived from consuming the product is less than the price.
According to the law of diminishing marginal utility, as more units of a product is increased, total utility increases but at a decreasing rate.
Explanation:
Marginal utitiy is the increase in utility that is derived from consuming one more unit of a product.
The answer is 4, purchase a product based on a social media influencer.
this would not be an informed purchase
Answer:
E supply curve and the demand curve shift to the left.
Answer:
The answer is going
to be A. secondary research data
The answer in the space provided is concurrent engineering.
It is because concurrent engineering is the one responsible of having to lead
improvement in regards of the organization or company’s reduced cost or its
productivity in which is helpful and could brought it for their own benefit.
