Marginal utility is the additional satisfaction received from consuming one more unit of a product.Totalutility is the overall or total satisfaction received from consuming some particular amount of the product.<span>Total utility can be determined by summing the marginal utility for each unit of a product that is consumed</span>
Answer:
Option (a) is correct.
Explanation:
The federal reserve is the central bank of United States. It is responsible for all the changes occured in a nation's monetary policy and it regulates all the banks operates in a nation.
Federal reserve uses various monetary policy tools to control the money supply in an economy. Some of the tools are as follows:
(i) Cash reserve ratio (CRR)
(ii) Statutory liquidity ratio
(iii) Open market operations(OMO)
(iv) Repo rate
(v) Reverse repo rate
(vi) Bank rate
Functions of Fed:
(i) Regulation of financial institutions
(ii) Banker's bank
(iii) A lender of last resort
(iv) Implement monetary policy
Answer:
The correct answer is letter "C": refuse to take some responsibility for an employee's performance if the supervisor neglected to provide regular performance feedback.
Explanation:
Performance appraisals are evaluations managers make of employees to find out if they are meeting the expectations of their duties. These tests aim to measure the efficiency of employees in their day-to-day activities at work, The appraisals have a standard method of rating workers according to their tasks and position in the firm and based on that standard feedback is provided.
<em>Supervisors are in charge of giving workers immediate suggestions on how workers could improve their operations but if they have not done that resulting in poor performance of an employee, the managers conducting the tests must accept part of the responsibility for that to happen relies on the managers.</em>
Answer:
a. Give the Objective function.
Let c = #coats to be produced
Let s = #slacks to be produced
b. Give the constraints
3c+5s≤150
10c+4s≤200
d. Give the optimal Point
The profit function would be P(x,y)=50c+40s
Explanation:
Let c = #coats to be produced
Let s = #slacks to be produced
Our first constraint deals with square yards of wool. We cannot exceed 150 square yards. Using the fact that coats require 3 sq yds and slacks require 5 sq yds, we can identify this constraint.
3c+5s≤150
Our second constraint deals with the number of hours available being 200. Coats require 10 hrs and slacks require 4 hrs. Now we have our second constraint.
10c+4s≤200
We might also assume that some of each will be produced, so we can list the following as constraints as well.
c>0 and s>0
The profit function would be P(x,y)=50c+40s
