Character srlec is retail er
Answer: Option (B) is correct
From the given options, the following statements is most suitable:<em> Both socialism and communism, achieves equal distribution of income and wealth, but in communism, the state takes more control over individual's lives.</em>
Communism can be referred to as a political and economic principle that aims to reinstate private economy with public ownership and thereby gaining a control of means of production and the resources of a state.
Socialism can be referred to as a social and economic principle that aims for public rather than private ownership. According to this perception, individuals do not work in desolation but live in cooperation.
Answer:
The answer is A.
Explanation:
Price discrimination is a pricing policy where different customers are charged or priced at different prices for the same goods or services.
Price discrimination include can be based on age, occupation, location etc. For example, based on location: customers in estates might be charged higher than a customer that live im Ghetto for the same product.
We have three types of price discrimination:
First-degree price decrimination
Second-degree price decriminatiom
Third-degree price discrimination
Answer:
D. Price information is also needed to determine what should be purchased next
Explanation:
Utility refers to the amount of satisfaction derived upon consumption of unit of a product.
Marginal utility refers to the addition to total utility when an additional unit of a product is consumed.
The decision concerning a choice between two products, would be taken with respect to their respective utilities derived per unit of a common unit i.e price, expressed in dollars.
The product which provides a higher marginal utility per unit of dollar would be preferred for purchase.
In the given case, the marginal utility of a cup of coffee is greater than the marginal utility of a donut. While deciding which unit of the two should be purchased, the price of both is required to arrive at a decision.
So, marginal utility per unit of dollar spent is required to be computed in the given case.
Answer:
b
Explanation:
Without a collage education, workers will actually lose money in the long run.