Answer:A
Explanation:just answered it nd believe it is the answer
Answer:
INCREASE in Consumption of product Y
DECREASE in Consumption of product X
Explanation:
Based on the information given we were told that the already existing product (X) has a marginal utility of 10 utils as well as the price of the amounts of $5 while the new product (Y) has a marginal utility of 8 utils as well as the price of the amounts of $1 which means that PRODUCT Y marginal utility and price is lower than that of PRODUCT X marginal utility and price.
Therefore equal marginal principle suggests that Oscar should INCREASE his consumption of product Y and DECREASE his consumption of product X reason been that product Y has a lower marginal utility of 8 utils and the price of the amounts of $1 which means that his consumption of Product Y has to be INCREASED while product X on the other has a higher marginal utility 10 utils as well as the price of the amounts of $5 which means that his Consumption of Product X has to DECREASED.
Answer:
What is it called to keep skills and knowledge up to date?
skills upgrading
Explanation:
Skill upgrading is the act of continuously assessing and improving your skills to match up with current market needs. The business environment is constantly changing with time as new and better ways of doing things emerge. Technology has especially made business faster and better, however more skilled people are needed to apply and interpret technology. Thus upgrading one's skills is very important to ensure that their skill set is relevant to the market and therefor marketable.
Having a skills upgrade can be very beneficial to one's career prospects as follows;
1. Improved marketability
This means that the skills attained can be used to market yourself efficiently. Most employers would want to hire someone with an up to date skill set
2. Better career opportunities
An up-to-date skill set ensures a higher probability of being hired by a company that offers better salary as compared to not having a current skill set.
The Republic of Monaslu and Ingora demonstrated an example of a mutual trade. This happens when both countries of industries experience the benefit of business through support of each other on their own products. They can also further enjoy these benefits by enforcing laws that would benefit both like lowering taxes to increase their profits
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
