Answer:
c. The level of unavoidable fixed costs.
Explanation:
Product line in marketing is considered as a group of different products that are related to each other and often targets to the same thing. They are marketed and created under a single brand and sold by the same company. An example of it is product line hair care like shampoo, hair gel, hair wax, hair oil, etc.
Deciding a product lining is very essential to the organization. The growth and the expansion of the company depends upon the product lining of the future options. Therefore, dropping off a product line or keeping it should be decided properly. It also affects the overall morale of the company.
The relevant margin that is generated by the product line of the company should also be checked before deciding.
<span>One technique to identify use cases is to ask users what they want to achieve with a particular business procedure. This technique is called the user goal technique.
It is pretty straightforward, when you think about it. What you want to achieve is your goal, and given that you are the user here, what you want to achieve is user goal. </span>
Answer D: population, because it is a collection of ages for all people in the apartment building
This will be a population because we are covering each and every resident in the building and here out universe is our apartment building and not all other apartment buildings in the city.
Answer:
C) John's decision on how to allocate his time is consistent with the rationality assumption since the decision is intended to make him better off.
Explanation:
One of the pillars of modern economic theory is that individuals are rational and they will try to maximize their benefit at the lowest possible cost. Since resources are finite, then all our decisions are made on the margin. What is the marginal benefit that we can obtain from purchasing something at its marginal cost (marginal cost = sales price for an individual).
In this case, John is trying to maximize his utility, first he will go to the gym which probably provides a larger benefit to him, and then he is going to study (which also provides a benefit). He could have chosen to either go out to somewhere else or just stayed home and watch TV, play videogames, etc., but apparently these activities do not provide him enough benefits but represent a large cost in time.
