Service offered, location of baks, interest rates, and branch availability
The consumer can derive a maximum total utility by consuming 3 units of product 'I', and 2 units of product 'M' in the given income of the consumer, which is $22.
<h3>What is total utility?</h3>
The total amount of satisfaction gained through consumption of the available products in the market by utilizing the total disposable income, is known as the total utility.
Hence, the significance of total utility to be derived by the consumer is given above.
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Answer: B) The price for admission to a national park can be increased during peak times to limit overuse of the park.
Explanation:
In line with the rules of Supply and Demand, if a resource is in high demand, there should be a higher price associated with it to reflect its relative scarcity in relation to demand. If a resource is being overutilized (in demand) therefore, it would make sense that it gets a higher price.
This is the case with the national park during peak times. At this time there are quite a lot of people in it and this means that it is being overused. In such times, the entrance fee should increase to reflect that the demand is quite high and to limit the overuse of the park.
Answer:
True
Explanation:
The goal of the marketing mix and enlightened self-interest is similar, and the underlying principals are centred on helping the organisation and sporting other organisations and individuals. The marketing mix is all about helping the firm and organisation to attract more customers. Enlightened self-interest is concerned with helping the company or organisation. So both terms are fairly similar considering their roles and objectives.