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.
After completing the organizational assessment, Matthew's next step should be to formulate the functional strategies.
The action plans that a company develops in different areas to achieve its objectives and goals in the short and long term are called functional strategies.
It is the set of strategies of the areas:
- Commercial
- Financial
- Marketing
- Production
- Human Resources
- Distribution
- Technology
As a company is an integrated system that works to achieve a common goal, which in general is to be profitable and competitive in the market, the functional strategies must be aligned with those at the corporate and organizational level.
Therefore, the formulation of functional strategies is essential for the integration and optimization of organizational resources in order to achieve a company's objectives and goals.
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brainly.com/question/4974396
Israel kirzner believes entrepreneurs have a unique capability, which he calls entrepreneurial alertness, to spot existing opportunities for businesses.
Israel<span> Meir </span>Kirzner<span> is a British-born American economist. we can define the unique ability of </span>Entrepreneurial alertness that some people have as to recognize competitive limitations or imperfections in markets.
Answer:
$28
Explanation:
The computation of the total value that would be created in the exchange is shown below;
The Deltra surplus is
= Purchase value - agreed price
= $60 - $36
= $24
And, the Deirdre surplus is
= Agreed price - willing to sell
= $36 - $32
= $4
Now the total value created is
= Deltra surplus + Deirdre surplus
= $24 + $4
= $28
Answer:
The correct answer is: firms are unlikely to undertake investment.
Explanation:
The liquidity trap is a situation described in the Keynesian economy according to which, liquidity injections into the private banking system by the central bank do not lower interest rates or inject money into the economy and therefore do not stimulate economic growth as claimed by monetarism.
The liquidity trap occurs when people accumulate cash because they expect an adverse event, such as deflation, reduction in aggregate demand and GDP, an increase in the unemployment rate or a war. People are not buying, companies are not borrowing and banks are not lending either because they do not have enough solvency since the economic outlook is uncertain and investors do not invest because the expected returns on investments are low.
The most common characteristics of a liquidity trap are interest rates close to zero and fluctuations in the monetary base that do not translate into fluctuations in general price levels.
