Another Step Many Hotels Are Taking to Conserve Resources Includes

question 4

Multiple Choice

Another step many hotels are taking to conserve resources includes replacing showerheads with low flow devices. These can save ________ gallons of water for every 5 minutes of
Shower.

• A)10
• B)3
• C)5
• D)7

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Definitions:

Marginal Utility

The change in satisfaction or utility an individual gains from consuming an additional unit of a good or service.

MU/P Ratio

The MU/P Ratio stands for the marginal utility to price ratio, used in economics to analyze consumer choice by comparing the additional satisfaction (utility) received from an increase in consumption of a good relative to its price.

Marginal Utility

The alteration in pleasure or usefulness a person receives from using an extra unit of a product or service.

Laws of Economics

Fundamental principles that govern economic behavior and interactions, such as supply and demand, cost-benefit analysis, and incentives.