Using rational decision making process, the outcome would be favorable to the company.
Under this decision making process the problem will be recognized, criteria will be identified and weight on each criteria will be allocated.
Alternatives will be developed and evaluated against the stated criteria. The best alternative will be the one implemented.
In the above scenario, making use of customers preferred online platform will address the company's target of enlarging its social media presence in a cost-effective manner.
The answer to this question is the "enterprise zone". It is a location or a government subsidized area that are considered most improved and revived. Most of the taxes received by the government are used in the zone for the purpose of uplifting its economic status and other aspects that need attention and need to be addressed by the government.
Answer:
a. The shirt's marginal utility divided by price was too low compared to other goods.
Explanation:
here are the options to this question :
a. The shirt's marginal utility divided by price was too low compared to other goods.
b. The shirt has zero marginal utility for you.
The shirt's marginal utility divided by price was too high compared to other goods.
c. The opportunity cost of the shirt was too low.
d. None of the above answers is correct.
Marginal utility is the change in utility as a result of consuming one extra unit of a good or service.
the goal of any rational consumer is to maximise utility.
If he shirt's marginal utility divided by price was too low compared to other goods, it means that the price is too high when compared to the marginal utility of the shirt.
Answer:
C
Explanation:
Quantity theory of money : money supply x velocity = price x output
money supply x velocity = nominal GDP
It is assumed that velocity is constant. So, if money supply increases, both the price level and real GDP would rise by 5 percent
Answer: Increase the number of B consumed and decrease the number of A consumed.
Explanation: The utility maximization rule basically states that if the marginal utility gained from product A is greater than the marginal utility gained from product B, then more of product A should be consumed and less of product B should be consumed in order to maximize the utility per unit of money spent.
Therefore, in order for Paul to increase utility with the same amount of money, he should increase spending on the product that offers the higher marginal utility, meaning that he should spend more on the product that offers more satisfaction.
The product that offers more satisfaction in the scenario above is product B, because its marginal utility per dollar is 1, which is greater then the marginal utility of product a of 0.6 marginal utility per dollar.
Hence, Paul should increase consumption of product B and decrease consumption of product A.