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The Total Utility to a Person from Owning Nine Cars

question 75

Multiple Choice

The total utility to a person from owning nine cars is likely to be ______ the total utility from owning ten cars.


Definitions:

Value Chain

A series of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market.

Service Chain

The sequence of processes involved in the production and delivery of a service.

Activities System

The integrated set of actions or tasks performed by an organization or a part of it to achieve its objectives.

Value Chain

A model that outlines a series of activities that businesses perform in order to deliver a valuable product or service for the market.

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