When a consumer shifts purchases from product x to product y, the marginal utility of <u>X rises, and the </u><u>marginal utility</u><u> of Y falls.</u>
In economics, utility is the satisfaction or benefit obtained from consuming a product. The marginal utility of a good or service describes how much pleasure or satisfaction a consumer gains or loses by increasing or decreasing his consumption by one unit. There are three types of marginal utility. They are positive, negative, or zero marginal utilities.
Marginal utility is the pleasure obtained by the consumer for each additional unit he consumes. Calculate the utility over the first consumed product (threshold amount). For example, you can buy frozen donuts. In return, this will give you a certain level of benefit or satisfaction.
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The answer is B. Many people fear that they do not have the necessary leadership skills
Answer:
4 P's are place, price, product, and promotion
Explanation:
The four P's of marketing are the key factors that are involved in the marketing of a good or service. They are the product, price, place, and promotion of a good or service.
To Calculate YTM,
YTM = {C + (F-P)/n}/(F+P)/2
where C = coupon rate,
F = face value
P = price
n = no.of years
Therefore, YTM = {90+(1000-874.6)/7}/(1000+874.6)/2
=> 11.72%
Answer:
In the performing stage, the role of the mentor shifts from managing group dynamics to focusing on helping members grow and develop in positive ways. Mentors can turn their attention to identifying individuals' strengths and weaknesses, and helping mentees step out of their comfort zones.
Explanation:
