As a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of diminishing marginal utility.
<h3>What is utility?</h3>
It should be noted that utility simply means the satisfaction that's derived from using a good or service.
In this case, as a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of diminishing marginal utility.
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The area of accounting that provides managers inside the organization with information they need to make decisions is referred to as "Management Accounting".
><span>Management Accounting is an </span>area of accounting that refers to providing information to support internal management decisions.
Answer:
<em>Ultimately, to be successful, a business must </em><u><em>make a profit</em></u><em>.</em>
Answer:
A. trade agreements systematically expect more liberalization by developing countries than is expected of developed countries
14,400 production sequences are possible.
Since the first set of machining operations can be performed in any order, after selecting one, there are 4 operations left. After selecting another, there are 3 operations left.
After selecting yet another, there are 2 operations left. Finally, after selecting yet another, there is only 1 operation left. This procedure may be described by the equation below: There are 120 potential options when multiplying 5 by 4 by 3 by 2 by 1. It may also be written mathematically as 5! = 120.
Here, We have 5 × 4 x 3 x 2 x 1 = 120 potential unique options for the final five assembly processes.
So total number of combinations will be - 120 × 120
= 14,400
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