If terry's total utility is maximized when he owns 10 pairs of shoes, then terry's total utility from owning 7 pairs of shoes is less than terry's total utility from owning 8 pairs.
The benefit that a person receives from consuming all of a given commodity's units at once or over time is referred to as their total utility.
In other terms, total utility is the overall satisfaction attained through the consumption of numerous units of commodities and services. Every unit of a commodity has a marginal utility, which is a benefit gained from consuming an extra unit. The total utility is the total of all these marginal benefits.
The consumer tries to consume various combinations of products and services within the available restricted resources (money) in order to optimise his overall utility. Generally speaking, individuals try to get the most out of the money they spend on goods and services.
Learn more about Total utility here brainly.com/question/9192772
#SPJ4
Answer:
C. deep-level diversity
Explanation:
Deep-level diversity is a type of diversity among individuals that is not easily observable, and includes traits such as working styles, values, beliefs, cognitive, or decision-making styles. These are usually psychological. These traits are less observable.
According to the information given in the question above about the Olivia and her employees, we can infer that Olivia and her employee display deep-level diversity, as the designers have traits that are not easily observable such as the different working styles they have while they still work effectively together as a team.
Answer:
Limited partnership.
Explanation:
Limited partnership is a business that is set up by people who want to run a partnership together but where one or more of the partner is only interested in investing in the partnership without the desire to be involved in the day to day running as well as the right to take decision concerning the partnership, such an arrangement is called Limited partnership. The liability of the Limited partner is limited to the amount of capital contributed.
The other type of partner is general partner who is involved in the day to day running of the firm and has unlimited liability for the debt of the partnership.,
D. The willingness of stores and merchants to accept electronic payments.
Explanation:
Benefits of Cashless transactions:
- Lesser crime rate
- Less money laundering
- Time saving
- Easy currency exchange
Factors to be considered by banks for cashless transactions:
- availability of technology
- convenience
- exposure to hackers
- exposure to electronic fraud schemes
Option D has nothing to do with banks for considering in making decisions regarding implementation of cashless transactions.
Can you re word the question please
