Answer: Option C
Explanation: The given case, illustrates the law of diminishing marginal utility. As per this law, as the consumer consumes more and more of goods the marginal utility from every additional unit tends to decrease.
This makes the demand curve of the individual, slope downward. As the utility satisfaction decreases the price consumer willing to pay decreases .
Hence from the above we can conclude that the correct option is C.
Answer:
Letter b is correct. <u>Joint venture.</u>
Explanation:
The Joint Venture strategy can be defined as an economic association that occurs between two or more companies, whose objective is to carry out a certain activity during a limited period of time.
Joint Venture operations are commonly used for various organizational purposes, such as commercial, logistical, technological, etc., in addition to being a strategy that makes it possible to accelerate business by combining business resources.
It is necessary to know that in addition to the mutual benefits, the companies that adopt this strategy also share the same risks and costs, therefore planning is necessary so that the commercial association is profitable for both companies.
Answer:
The right answer will be the "Transformational process".
Explanation:
- Improvements in such a wide variety of organizations that increase the member of staff as well as the involvement including its leadership throughout the business expansion.
- A transformational process should give vitality to a struggling organization and therefore can enhance the proper functioning of any enterprise.
Answer: Yes, they could save about $5 less per month and still have enough money.
Explanation: Arthur is 10 years old. Tuition for one year at a public two-year college is $3,125. In 8 years, tuition is expected to increase 32%. Arthur’s family plans to save for his college costs for 5 years. If the family saves $75 per month, will there be enough money to pay for the expected cost of one year at the college when he is 18?
Yes they could save $75 and still have enough money to pay for one year at the college when he is 18.
Workings=
12( months) x 5 (years)= 60 months
If the family save $75 monthly for 5 years
$75 x 60 (months)= $4500
At the end of the family 5 years savings, they would be having a total of $4500 which would be more than enough to pay for the expected cost of one year at the college when he is 18.
Answer:
A debit card
Explanation:
A debit card allows customers to make electronic payments to third parties directly from their bank checking accounts. Debit cards eradicate the need to carry cash around. Banks and other major financial institutions issue debit cards.
Debit cards and credit cards have identical looks and are used for making electronic payments. The major difference is that credit cards are a type of credit facility, but debit cards make payments by drawing directly from the customer's account. Debit cards do not attract interests like credit cards. In many instances, debit card payments will not go through if the customer's account has insufficient funds.
