If terry's total utility is maximized when he owns 10 pairs of shoes, then terry's total utility from owning 7 pairs of shoes is less than terry's total utility from owning 8 pairs.
The benefit that a person receives from consuming all of a given commodity's units at once or over time is referred to as their total utility.
In other terms, total utility is the overall satisfaction attained through the consumption of numerous units of commodities and services. Every unit of a commodity has a marginal utility, which is a benefit gained from consuming an extra unit. The total utility is the total of all these marginal benefits.
The consumer tries to consume various combinations of products and services within the available restricted resources (money) in order to optimise his overall utility. Generally speaking, individuals try to get the most out of the money they spend on goods and services.
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The section of a business plan that contains information about the different departments in the company and what they do is the organization section.
In it, you can see all of the employees working in a certain company, and their jobs and activities are all enlisted in that part of the business plan. This is the easiest way to find a person you need, and who is the most suitable for a job that you want to hire them for.
Answer:
Demand forecast.
Demand forecast is the process a business embarks on so that it can predict its future sales and demand of a product.
Explanation:
A demand forecast will assist the company to come up with decisions as regards the number and nature of people they need. The demand forecast will also help to determine the amount of workers they need for staffing a new facility so that it can operate efficiently and at it optimum.
Answer:
The answer is: FALSE
Explanation:
The US total workforce is not expected to decrease, not even because the baby boom generation may start to retire. The total labor force in the US was estimated to be 160 million people in January 2018. The total labor force has been steadily increasing since 1960 except during the great recession period between 2009 and 2011.
