-Refer to the Above Table

question 383

Multiple Choice

-Refer to the above table. At what quantity does diminishing marginal utility set in?

• A) after 3
• B) after 2
• C) after 10
• D) after 15

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Definitions:

Dynamic Capabilities

The ability to adapt and renew competencies in accordance with changing business environment.

Renew Competencies

Refers to the process of updating and refreshing the skills, knowledge, and capabilities that are essential for individuals or organizations to remain competitive and proficient in their fields.

Business Environment

The combination of all external and internal factors that influence the operations, opportunities, and threats to an organization.

Discarded Strategy

A strategic plan or action that has been abandoned or no longer pursued by an organization.