The law of diminishing marginal utility states that as a
person increases consumption of a good while keeping consumption of other
products persistently then there is a drop in the marginal utility<span> that person descends from consuming each extra unit of
that product. So the answer is letter C.</span>
The answer is <span>Factory owners benefited greatly, while conditions for workers were poor.
During the Industrial Revolution, capitalists were focused on getting more profit. They actually have poor management with worker benefits. Workers work long hours and receive insufficient pay for all their work. Their condition moved them to form Unions and held strikes for decent salary and benefits.
</span>
Answer:
Carrying and using a high-end credit card like an American Express Centurion Card would satisfy needs at what level in the Maslow hierarchy of needs?
Esteem level.
Explanation:
Maslow hierarchy of needs is a theory in psychology that comprises five levels of needs that are represented in a pyramid. The needs that are lower in the pyramid are fundamental needs that have to be satisfied before the needs in the higher levels can be satisfied. The needs lower down in the pyramid are mostly physical needs like food, shelter and finances while the needs higher up in the pyramid tend to focus more in improving the quality of life of a person. They include things like; safety, love, physiological needs and self actualization.
The needs in a five-stage model can be categorized into two groups; deficiency needs and growth needs. The first four levels from the bottom can be referred to as deficiency needs while the top most level is defined as a growth need. Deficiency needs are needs that arise due to deprivation while growth needs don't come from a lack of something but a strong desire to become better. The five categories of needs are; physiological, safety, love and belonging, esteem and self actualization.
In our case, someone carrying a high-end credit card is someone who does that out of prestige and thus is most likely in the esteem level in the Maslow hierarchy.
Answer:
a. 50, which is high by historical standards.
Explanation:
a. 50, which is high by historical standards.
It is high because current price is high than earnings.
Earning yield is the reciprocal of price earning ratio that is = 1/ (P/E ratio) expressed as a percentage.
So
PRice Earning ratio = Market price per share/ Earning per share
Price Earning ration= $20/ 0.4 = 50
Earning per share= Earnings/ No of shares outstanding
EPS= $ 1 million/$ 2.5 million = 0.4
Answer:
d. The decision maker must only stick to completely rational, mathematical analysis while selecting an alternative.
Explanation:
It is most ideal for a decision maker to stick to completely rational way of selecting an alternative as this means that the decision maker will only make choices that will be of maximum benefits and low costs. Factors such as personal feelings, or sense of obligation do not interefere when a decision maker sticks to completely rational and mathematical analysis method of decision making.
