Answer:
The correct answer is 10 chips.
Explanation:
A person is eating chips. Initially, the marginal utility is very high, but after 10 chips it starts declining. It declines till 49 chips and after that it becomes negative.
We see that the marginal utility derived from the consumption of chips start to decline after consuming 10 chips.
This implies that marginal utility is being maximized at the consumption of 10 chips.
So the utility-maximizing quantity of chips is 10 chips.
Answer:
a) Marginal cost of waiting is greater than the marginal benefit of being served
Explanation:
For an economic perspective, customer leave a fast food restaurant as they find the marginal cost of waiting is higher than the cost of marginal benefit of being served at restaurant.
Marginal cost: In economics, it is a cost that is incurred for an additional unit of benefit received out of certain action or activity.
Marginal benefit: It is a benefit received for an additional unit of cost incurred during the activity taken place.
Therefore, customer have done analysis on the benefit of waiting in a queue for getting served at restaurant, which he found that marginal cost is greater than the marginal benefit of being served.
Answer: The process is not adversarial
Explanation:
Mediation' refers to the voluntary process that is used for resolving disputes whereby there's a neutral third party whom helps in facilitating dialogue between the conflicting parties and then helps them in identifying the issue and tech a settlement.
Based on the question, since both parties have a long-standing business relationship that they would like to continue, then they may prefer to settle their dispute through mediation because the process is not adversarial. An adversarial system typically involves going to the court.
The answer is false because a customer is a person that buys goods or services from a store of business.
Answer:
b. burnout
Explanation:
-Depression is an illness that makes people feel sad and without interest in performing activities that they used to do.
-Burnout is when a person is really tired because of a lot of stress and the person feels exhausted, overwhelmed, unmotivated and with a negative attitude.
-Insomnia is when a person has a problem to fall sleep and people feel that they are not able to rest.
-Occupational disease is an illness that is caused by the conditions in your job.
According to this, the answer is that such symptoms are most likely an indication that the subordinate is experiencing burnout because it appears when a person has a lot of stress which results in being in a bad mood, unmotivated and the person neglects the job.
