Answer:
c. has decreasing slope and a person is risk averse.
Explanation:
The marignal utility of wealth represent that the subsequent utility of the person wealth is not perceived as necessary/joyful as the previous one.
This makes the slope of the utility function to go upward but at slower grow.
The first units of wealth produce a great improvement in utlity compared with the followings just like in any other good or service provided in the economy.
If this is a true/false question, the answer is FALSE.
It is consumers' responsibility to report fraud when it occurs.
Risk reaction impacts change control administration and weakness administration since change control is a sensible approach to draw close to a change. It can dodge the possibility that the system of an association could wind up plainly interfered.
Answer:
The correct answer is (D) all, maximizes her total utility.
Explanation:
Consumer's equilibrium is a defined as a situation in which an individual uses his or her money to buy goods in a manner in which the person obtains the highest satisfaction and has no need for a change in the level of consumption on account of the price of the product.
Consumer equilibrum enables an individual to obtain complete satisfaction from his or her money. Consumer equilibrum is found by comparing the ratio of the marginal utility to the price of a commodity.
Answer:
The correct answer is letter "E": Demographics.
Explanation:
Demographics is the study and categorization of people based on factors such as <em>income level, education, gender, race, age, </em>and <em>employment</em>. In business, demographics are important because they help a company better target the market for its products and, thus, better utilize its marketing expenditures.