Answer:
The correct answer is option C.
Explanation:
The law of diminishing marginal utility means that keeping other things at constant the marginal utility derived from the consumption of a commodity goes on declining with each additional unit of the commodity.
So, the marginal utility from the first unit will be highest, that from second unit will be lesser, that from third even lower and so on.
In the examples given above, Wesly's case is most applicable to this.
So, option C is the correct answer.
Answer:
$8,000
Explanation:
The entrepreneur needs $20,000. She can raise 60% from savings. It means she needs to generate 40% from other sources.
40% of $20,000 is
=40/100 x $20,000
=0.4 x $20,000
=$8,000
A standard operating procedure exists as a set of written instructions that represents the step-by-step process that must be endured to properly complete a routine activity.
<h3>
What is Standard Operating Procedures?</h3>
A standard operating procedure exists as a set of written instructions that represents the step-by-step process that must be endured to properly complete a routine activity. A standard operating procedure exists as a set of step-by-step instructions collected by an organization to assist workers to carry out routine operations. SOPs desire to accomplish efficiency, quality output, and uniformity of performance, while decreasing miscommunication and defeat to comply with industry regulations.
SOPs can also be used as a part of a personnel training schedule, hence they should support complicated work instructions. When historical data are being assessed for current usage, SOPs can be advantageous for reconstructing project movements.
Additionally, SOPs exist commonly used as checklists by inspectors when auditing systems. Finally, the benefits of a valid SOP stand minimized work effort, together with enhanced data comparability, credibility, and legal defensibility. SOPs exist necessary even when published procedures are being administered because cited published techniques may not contain appropriate data for conducting the procedure in-house.
To learn more about Standard Operating Procedures refer to:
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