Elaine'S marginal utility is equal to $2.25
Marginal utility is the added delight that a client receives from having one more unit of a great or provider. The concept of marginal application is utilized by economists to decide how much of an item consumers are inclined to buy.
Marginal utility is the greater benefit derived from consuming one extra unit of a specific properly or provider. the principle sorts of marginal utility encompass effective marginal utility, zero marginal application, and terrible marginal application. purchasers regularly enjoy higher marginal software while marginal fee is decrease.
expalnation
Assuming that the utility that she is achieving after consuming a good is equal to the value of the coffee.
= $1 +0.75 + 0.50
= $ 2.25
Hence, the marginal utility is $ 2.25.
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Answer:
advertising manager
Explanation:
Centralized organizations are very rigid structures where most of the decisions are made by upper management and then passed to lower management levels.
In centralized organizations, the advertising (marketing) department is responsible for developing promotional plans that must be approved by upper management who will then set a promotional budget and overall marketing objectives.
Centralized organizations that tend to favor in-house advertising usually do it because it lowers costs, but they also have serious issues with flexibility and creativity.
Answer:
C. Most businesses decide to modernize and expand their manufacturing capacity, and to install new equipments to reduce labor cost
Explanation:
Interest rate is the cost attached to borrowed money. It is also the return for the risk of lending.
Businesses borrow to make profit in the future. They also borrow to finance the purchase of equipments. The interest on these loan is what stimulate the economy which encourages people to borrow, lend and spend.
When businesses continue to expand their production capacity and also install new equipment, such will lead to an increase in interest rate in the economy because most industries often times raise credit to finance assets purchase. An increase in demand for money raises interest rate and vice versa.
Other causes of high interest rate in an economy are;
- Inflation, which is the consistent rise in the prices of goods and services as a result of too much money in circulation. The higher the rate of inflation, the higher the interest rate.
-Government, through central bank, issuing directives on the effect of monetary policy on interest rate. This is done through open market operation.
When there is lower interest rate in the economy, amount paid as interest by consumers will be less hence have money to spend. This will also affect business as they will be able to buy equipments and produce more with cheap funds.
Answer:
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Explanation:
