<span> The term marginal utility is an economic term that describes and defines how much of an item (product or service) a consumer will buy. It can be positive, negative or zero. </span>
The marginal utility of two goods change with the quantities consumed. The more quantities are consumed the bigger the marginal utility.
Answer:
The answer is National Labor Relations Act (Wagner Act)
Explanation:
The national labor Act of 1935 provides workers with the right to organize and join labor union. The Act also provides workers with a framework for collective bargaining. The Wagner Act prohibits the interference or coercion of workers to exercise their rights of organizing or joining labor unions alongside bargaining collectively for their working conditions or wages.
Moreover, the Act prohibits the employer from the refusal to bargain with employees' representatives.
<span>d. need; demand
Thirst is a need rather than a demand or want, since we need regular fluid intake for our survival and optimum functioning. A choice of ice tea is a demand rather than a want or need because a want or need does not involve the ability to afford the ice tea. Demand on the other hand involves the desire and ability to buy a product.
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Answer:
Product A because the contribution margin per MH is $23.33
Explanation:
In terms of efficiency, you have to look for the highest outcome with the fewer use of resources. In this case, the resources available are the machines, and the outcome is the profit (margin per unit). Applying the formula: Efficiency producing X (Ex) = [(1 hour of machine hour) / (Product x timed used per unit)]Margin per unit X, and comparing products A and B, you get that producing A is more efficient in terms of profits than producing B, by $10,1 per hour (23,33 - 13,2)
Answer:
The type of savings you should make is a fixed term deposit
Explanation:
When we have unused capital and want to make it grow, it is a good alternative to earn money because, when we leave our money in a bank for a certain time, we will receive it together with an additional sum due to profitability, Our reward for leaving the money to the bank and not using it.
