The Below Table Shows the Average Utility (In Utils) Obtained

question 25

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3

-Because incomes are limited, purchasing one thing means not being able to purchase other things. This indicates that:

• A)marginal utility diminishes.
• B)marginal utility is constant.
• C)people will allocate their income among goods so as to achieve the most satisfaction.
• D)people will allocate their income among goods so that the marginal utilities of all goods is equal.
• E)people will allocate their income among goods so that the marginal utilities of all goods is zero.

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Definitions:

Departmental Heads

Leaders or managers in charge of specific departments within an organization, responsible for the direction and performance of their areas.

Top Management

The highest level of executives and administrators responsible for setting strategic goals and making critical business decisions for an organization.

Market Value

The current price at which an asset or service can be bought or sold.

Downsizing

Downsizing refers to the reduction of a company's workforce or the scaling back of its operations to decrease expenses and increase efficiency.