The most common pattern for marginal utility is Diminishing marginal utility.
<h3>What is Diminishing marginal utility?</h3>
Diminishing marginal utility can be regarded as a phenomenon which is a pattern of marginal utility and explains that each additional unit of gain brings about subjective value been increased.
For instance, when you eat more three candy, is more better than two but having 30 doesn't bring more experience.
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Answer:
(E)
Explanation:
Since SwimFit wants to improve the quality of its goggles and other products inorder to achieve better quality than that of its competitor it is termed reverse engineering.
Any reproduction of another manufacturer's product after examination of how it is made is called reverse engineering.
An example of this scenario occurs in real life when a close competitor of a firm invents a new mobile phone with certain features. Within a few weeks the other firm might release their own mobile phone with similar or even better features.
Answer: Highly negative consequences for future labor relations
Explanation:
A Shutdown by a firm becomes necessitated when a firm is unable to cover even it's Variable costs.
At this point it would be more expensive to produce as opposed to not producing at all.
This prompts the Firm to go into a Shutdown mode.
When in this mode, the following happens;
- the company looses revenue from production as they are not in business.
- the Company's market share will most likely take a hit because they won't be producing goods to maintain it
- other companies in the industry will try to fill in the gap left by the company on Shutdown.
As sad as it would be to have labor problems in future labor relations, Economically, it is not the result of a Shutdown.
The answer is motor vehicles industry
Argentine is one of the major motor Auto parts manufacturer in the world. Argentine has manufactured more then 50 Brands of automobiles, and in this country, Almost 10 % of its Gross industrial value came from Automotif Industries
