-The Table Above Gives the Utility from Pens and Pencils

question 106

Multiple Choice

-The table above gives the utility from pens and pencils. The marginal utility derived from the third pen is

• A) 200.
• B) 155.
• C) 445.
• D) 45.

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Definitions:

Economic Forces

Represent the various external factors that influence the economy and affect businesses and consumers, such as inflation, interest rates, and unemployment rates.

Global Compensation Strategy

Involves designing and implementing compensation practices that are consistent worldwide while also accommodating local laws, practices, and expectations.

Competitiveness

The ability of a company, country, or individual to produce goods and services at a lower cost, higher quality, or more innovatively than competitors.