If the customer experience is not good enough, then there would be complaints and dissatisfaction.
<h3>Customer Experience</h3>
This has to do with the general feelings which a customer who has had an encounter with a product or service has after using them.
With this in mind, we can see that if the customer experience is bad, then that means that there would be negative feedback.
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The optimal quantity of pizza slices for John to buy is 5 slices.
<h3>How to calculate the quantity?</h3>
From the information given in the diagram, it can be seen that the marginal utility from the consumption of the 6th slice is zero.
In this case, the optimal quantity of pizza slices for John to buy is 5 slices.
When John buys 8 slices, the total utility will be:
= 20 + 12 + 10 + 6 + 2 + 0 - 2 - 6
= 42 utils.
When John’s parents do not allow him to use any savings, his optimal consumption bundle of pizza and funnel cakes is $20.
At John’s optimal consumption bundle, the total utility that he will gain will be:
= (20 + 12) + (50 + 40 + 32 + 20)
= 32 + 142
= 174 utils
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Answer:
low cost labor pool
Explanation:
To build a manufacturing facility in China, the most beneficial to Tofa would be low cost of labour pool. This is due to the fact that if they are able to get labour supply at lower cost levels, they would have reductions in what it takes to produce these cars. low cost of labour causes low cost of production and the price of the cars would be within reach of the middle class. The middle class would be able to afford the cars.
If the price level decreases, then the aggregate expenditures schedule will shift, and this translates into a downward slope of the aggregate demand curve.
<h3>What is the price?</h3>
The price can be defined as the amount that the buyer or the customer pays for the product or the services that have been rendered to him.
As the demand, price, and quantity are interrelated to each other that means when there is a decrease in the price the expenditure cart will also sift and which means that the demand for that product will be going down which would further imply the change in the equilibrium in the gross domestic product.
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