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geniusboy [140]
3 years ago
7

The concept of utility is fundamental to utilitarianism and describes the a. optimal distribution of wealth in society. b. level

of satisfaction derived from a person's circumstances. c. method by which society chooses to allocate resources.
Business
1 answer:
alisha [4.7K]3 years ago
7 0

Answer: level of satisfaction derived from a person's circumstances.

Explanation:

The utility a consumer derives from a product/service is the measure of the level of satisfaction the consumer derive from the product/service chosen. Utility can also be defined as the level of usefulness of a product to an end user.

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Answer:

Relevant Range

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This production range is called Relevant range because the expected fixed cost will not vary if the production is in the range 120000 to 150000.

Also, the for increase in production more than 150000 will lead to the extra cost or if the production is less than 120000 the company may need to reduce its fixed cost.

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The average wholesale price a company is charging camera retailers for its models is deemed to be competitive with the average w
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Their average wholesale price can be said to be competitive if it is below the all-company average wholesale price in that geographic region.

<h3>When is a price considered competitive?</h3>
  • It means that the price is better than others in the market for a certain good or services.
  • It is lower than the average price offered by other sellers.

The company is therefore charging a lower than average price which is why it is competitive with others because they will be forced to lower prices to maintain sales.

In conclusion, option A is correct.

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The increasing involvement of salespeople in _____________________ is one major reason why the average cost of a sales call has
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Which items are consequences of globalized trade for a developed nation that begins to import more goods and services from less-
Vaselesa [24]

Answer:

Globalization has resulted in great opportunities for businesses from less developed countries to take a hold over the more and much bigger markets from all over the world. Hence, the business over there has the opportunity for better capital flow, human capital, technology, larger export, and low-cost imports, And since they export their products at lower rates, the developed countries import from them more goods and services to save capital.

However,

1. These products lack quality.

2, And they are more prone to defects as well as wear and tear, as a developed country's technology is far superior to those of developing countries. However, now the developing countries are picking up the speed, and coming up with better technology to match that of developed, because of better education facilities, and proper training.

Explanation:

Please check the answer.

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Which of the following accurately describes the requirements banks must meet under a fractional reserve banking system? A. Banks
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