Business Customs in Which an Outsider Must Not Participate Are

question 2

Multiple Choice

Business customs in which an outsider must not participate are called

• A) imperatives.
• B) electives.
• C) exclusives.
• D) absolutes.
• E) statutes.

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Definitions:

Total Utility

Total utility is the total satisfaction or value a consumer derives from consuming a particular quantity of goods or services.

Marginal Utility

The additional satisfaction or utility gained from consuming an additional unit of a good or service.

Maximum

In mathematics or economics, maximum refers to the largest value in a given set or the highest point of a function or dataset.

Marginal Utility Data

Information that measures the additional satisfaction or benefit received by consuming an additional unit of a good or service.