Answer:
c. Subtract total satisfaction from consuming N - 1 (first) products from total satisfaction from consuming N products
Explanation:
By definition, marginal utility of consuming one more unit of product or service is the additional satisfaction of consuming that unit of product or service.
That additional satisfaction from (consuming) the Nth products = total satisfaction from (consuming) all N products - satisfaction from consuming (first) N - 1 products
(first) should be added, because you are finding the satisfaction from the last consumed product.
Answer:
High Level Benchmark Analysis of Other Similar Projects . ... project and to explore possible opportunities for collaboration with the institutions. The questions ... proposed plans for student housing – the proposal is critical to the process, and to ... Where a municipality, for whatever reason, seeks to enlist the services
Explanation:
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Answer:
True.
Explanation:
A quality function deployment can be defined as a measure of customer wants or requirements and developing them into processes (how) that each functional area of the manufacturing firm can understand and work with.
House of quality is a part of the quality function deployment process that utilizes a planning matrix to relate customer "wants" to "how" the firm is going to meet those "wants." House of quality is used in product development by providing inter-functional communications and planning in a manufacturing firm through the informations sourced from customers.
Based on the marginal cost and the marginal revenue to this monopolistically competitive firm, in the short run the firm should increase the level of output.
<h3>Why should the firm increase output?</h3>
Firms will maximize their profit if they produce at a point where marginal cost equals marginal revenue.
As the marginal revenue is $25 and the marginal cost is $20, the firm should increase output until both these things are the same.
Find out more on maximizing profit at brainly.com/question/13799721.
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