Answer:
C
Explanation:
A rational consumer would keep consuming as long as he continues to derive satisfaction from consuming one more unit of a product..
For example, if you have eaten two hamburgers and you are contemplating whether to consume one more unit of hamburger or not. one of the factors you would consider is if you would derive a marginal benefit from one more consumption. If you would, you would consume one more hamburger and if you would not, you won't consume the hamburger
Answer:
$13
$9
Explanation:
Total surplus is the sum of consumer surplus and producer surplus.
Consumer surplus is the difference between the willingness to pay of a consumer and the price he pays for the good.
Consumer surplus = willingness to pay - price of the good
Producer surplus is the difference between the least amount a seller is willing to sell his product and the price he sells the product.
Producer surplus = price of the good - least price the seller is willing to sell his product
Total surplus = consumer surplus + producer surplus
Total surplus = willingness to pay - price of the good + price of the good - least price the seller is willing to sell his product
Prices cancel out
Total surplus = willingness to pay - least price the seller is willing to sell his product
A. Total surplus = $18 - $5 = $13
B. Total surplus = $16 - $7 = $9
I hope my answer helps you
Explanation:
Training and development would be an essential item to entrust to specialists at the beginning of a new business, because, due to the lack of marketing experience, the new entrepreneur might not obtain essential techniques to train his collaborators and the specialists would assist with essential techniques and tools for development of employee capacities, in addition to implementing training in line with organizational objectives and goals in a more effective and efficient manner.
