The negative relationship between the quantity of a good, service, or resource and the marginal utility obtained from each additional unit consumed in a given period of time describes diminishing marginal utility.
<h3>What is
diminishing marginal utility?</h3>
Marginal utility is the increase in utility as consumption is increased by one unit.
According to the law of diminishing marginal utility, as more of a product is consumed, utility increases at a diminishing rate. Economic theory suggest that consumption is maximised when marginal utility is equal to marginal revenue.
To learn more about diminishing marginal utility, please check: brainly.com/question/13998299
#SPJ1
Answer: Operational planning
Explanation:
Operational planning is one of the type single use plans and it is used for planning the strategic goals.
The main purpose of the operational planning is that it providing the clear picture regarding the basic responsibilities and the specific task in an organization and divided the task between member of the specific team.
According to the question, vaida is a manager in an organization and vaida is using the operational planning for setting up the schedule for logistic team.
Therefore, Operational planning is the correct answer.
Answer:
Answer for this question is explained din the attachment.
Explanation:
Answer:
the total asset turnover is 2.65 times
Explanation:
The computation of the total asset turnover is shown below;
As we know that
Total assets turnover is
= Net sales ÷ average of total assets
= $720,855 ÷ ($91,932 + $206,935 + $111,201 + $133,851) ÷ 2
= $720,855 ÷ $271,959.50
= 2.65 times
Hence, the total asset turnover is 2.65 times
