Production possibilities curve definition economics.

1 answer:

8 0

Answer: Production possibilities curve shows various combinations of consumer and capital goods that are produced with given resources.

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The additional utility a person receives from consuming an additional unit of a good or service is known as?

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The additional utility a person receives from consuming an additional unit of a good or service is known as Marginal Benefit.

<h3>What is service?</h3>

Services are referred as a type of product that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.

The additional utility a person receives from consuming an additional unit of a good or service is known as Marginal Benefit. Any activity can have its net benefit increased by selecting the amount at which marginal utility equals marginal expense.

Learn more about Marginal benefits, here:

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Furthermore, 75% have adequate knowledge about your product and 65% say they like the product. Half say they intend to buy the p

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Behavioral Phase

Explanation:

Based on the information provided it can be said that the aspect that should be the promotional objective is the Behavioral Phase, which targets those actual purchases. This would be the best option since the vast majority of the public already knows about the product and likes it, but less than half actually go through with the purchase. Therefore targeting this aspect of the hierarchy of effects will demonstrate the best results.