Answer:
Jessica should consume more of good A.
Explanation:
Jessica spends all her income on two goods, A and B.
The price of A is $5, and the price of B is $7.
At the current consumption bundle, the marginal utility of A is 10, and the marginal utility of B is 21.
The total utility is maximized when the ratio of marginal utility and price of the goods consumed is equal for all the goods in the bundle.
The ratio for Good A
= 
= 2
The ratio for good B
= 
= 3
Since the ratio is higher for good B, the consumer should shift from consumption of good B to good A until the ratio is equal for both the goods.
Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers. This statement is true.
<h3>
What is Partnership?</h3>
- In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
- Organizations may work together to expand their reach and increase the likelihood that each will succeed in reaching their goals.
- A partnership may solely be controlled by a contract, or it may issue and hold stock. Business: Two or more businesses collaborate in a joint venture, a buyer-supplier arrangement, a strategic alliance, or a consortium to: I work on a project (such as an industrial or research project) that would be too difficult or risky for a single entity; and (ii) join forces to have a stronger position on the market.
To learn more about partnership with the given link
brainly.com/question/19988417
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Answer: Situation analysis
Explanation:
The situation analysis is the collection of all the methods which is specifically used by the manager in an organization for analyzing both external and the internal environment of the firm.
It is the process of evaluating the growth of the company and the potential of the customers in terms of business. The importance of the situation analysis is that it provide strength and various types of opportunities in the market.
Therefore, Situation analysis is the correct answer.