Total utility increases but at a slow rate whereas the marginal utility decreases.
Total utility is the combined amount of pride or success that a client gets via the intake of a specific exact or carrier. Overall application is frequently in comparison to marginal software, that's the pride a purchaser receives from ingesting one extra unit of a great or provider.
Marginal utility, in economics, is the additional pride or advantage (application) that a consumer derives from buying an additional unit of a commodity or provider.
The utility is the satisfaction or gains derived by consuming a product. The marginal application of a terrific or carrier describes how tons of pleasure or pride is gained or misplaced by means of clients as a result of the growth or decrease in consumption by one unit. There are 3 sorts of marginal utility.
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Answer:
Correct option is C
Explanation:
Ford should have warned consumers of the explosions, recalled all of the defective automobiles, and corrected the problem.
A solo owner of a business has his own resources. By adding a partner - the partnership now doubles its resources.
If a bank just takes in money and loans money out that bank is using its resources for hopefully a profit. If that bank partners with a credit card company, that bank now reaps the benefots of expanded markets and more profit and income.
Partnerships are about doubling, and stacking resources of all kinds, legal - marketing channels, expanded distribution, removal of barrier of entry into new markets in some cases.
These are just examples. Another similar examole is Susie has a dog walking business and partners with a dog groomer business, they both will expand resources and potentially become more profitable.
An hypothesis is set to address a problem, value hypothesis should promote things like product features, pricing, customer feedback.
<h3>What is customer feedback?</h3>
Customer feedback are review of a product or service that is rendered or purchase by a customer.
It gives a clue of satisfaction derived from the product.
Therefore, value hypothesis should promote things like product features, pricing, customer feedback.
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Answer:
Elastic demand means there is a substantial change in quantity demanded when another economic factor changes typically the price of the good or service, whereas inelastic demand means that there is only a slight or no change in quantity demanded of the good or service when another economic factor is changed.
Explanation:
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