Goal displacement, satisficing, and groupthink are the<u> advantages of </u><u>group decision-making.</u>
Group decision-making simply means the process where several individuals act collectively in order to analyze a particular problem.
During group decision-making, several ideas are considered and the best approach or idea is chosen in order to achieve a particular goal.
Some of the advantages of the <em>group decision-making</em> include goal <em>displacement, satisficing</em>, and groupthink.
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The utility is not maximized since the marginal utility gained from the fifth sandwich is greater.
In economics, utility refers to the entire satisfaction or benefit gained from consuming an item or service. Consumer utility maximization is commonly assumed in the economic theories based on the rational choice.
In economics, the marginal utility is the additional satisfaction (utility) that a buyer receives by purchasing an additional unit of the product or the service. It computes utility once the first product is consumed (the marginal amount).
Therefore, the utility is not maximized , from the fifth sandwich onwards the marginal utility is more.
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<span>We look at how much all buyers want to buy and are willing to do so. If buyers are not wanting to purchase a certain product, the overall demand will go down, and the reverse is true when buyers are positive toward a product.</span>
Answer:
Calculated and constructed on the excel file
Explanation:
You could find the attached file for the constructed OC Curve. It was used 7 points and relevant numbers which were given.
I think it is d
i had to answer this too lol