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NeTakaya
3 years ago
10

The sources of quantitative standards include

Business
1 answer:
8_murik_8 [283]3 years ago
3 0

Answer:

B

Explanation:

The sources of quantitative standards include historical experience, engineering studies, and input from operating personnel.

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Answer:

INCREASE in Consumption of product Y

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Based on the information given we were told that the already existing product (X) has a marginal utility of 10 utils as well as the price of the amounts of $5 while the new product (Y) has a marginal utility of 8 utils as well as the price of the amounts of $1 which means that PRODUCT Y marginal utility and price is lower than that of PRODUCT X marginal utility and price.

Therefore equal marginal principle suggests that Oscar should INCREASE his consumption of product Y and DECREASE his consumption of product X reason been that product Y has a lower marginal utility of 8 utils and the price of the amounts of $1 which means that his consumption of Product Y has to be INCREASED while product X on the other has a higher marginal utility 10 utils as well as the price of the amounts of $5 which means that his Consumption of Product X has to DECREASED.

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The statement is: True.

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