Answer:
Consumption of good y should decrease
The Marginal Utility should also decrease
Explanation:
Marginal utility of a good is the added satisfaction that a consumer gets from consuming additional units of the good.
Given the two goods x and y, and MUx/Px > MUy/Py.
The Marginal Utility Price Ratio indicates the Utility/Satisfaction derived from the last Dollars spent.
To allocate a budget efficiently, the marginal utility for each item should be equal.
A good has a higher marginal utility-price ratio is the good that the consumer should consume more of.
If the Marginal Utility-Price ratio of good x is greater than that of good y, your consumption of good y should decrease and therefore, the MUy will also decrease.
The production would be a my a point inside the curve. The curve shows the possibility of producing with all possible materials so inside the curve is representative of one or more of the resources not being used to its full capacity.
Answer:
Planning
Explanation:
Planning of a project is needed to provide a guide to sponsors, stakeholders, the team, and the project manager on project phases and schedule.
When planning is done it avoids delays, identifies desired goals, reduces risk, and effectively delivers expected result.
Lack of planning causes waste of resources and missed deadlines on the project.
Steps in a project plan can include the following:
- Meeting with stakeholders
- Set goals
- Define deliverables
- Create a schedule
- Perform risk assessment and identify issues
- Present the plan to stakeholders
The special tax was called J<span>izya.</span>
The research and testing costs associated with the new ovens is said to arise from a product-sustaining activity.
Explanation:
Product-sustaining activities are carried out where appropriate to facilitate the production of each product type. Types of design-sustaining practices include product requirements, technical improvements and special testing procedures.
Such costs may be assigned to each commodity but are not proportional to the number of manufactured units or quantities. Organisation-sustaining operations support the overall production cycle of an organisation.
The ventilation and maintenance of the building, the protection of the facility and the administration are examples of safe facilities.
Products are allocated the costs for the operations at a unit level, batch level and component level depending on the consumption of each commodity. Goods are distributed randomly or viewed as time expense for purpose of facility-sustaining operations.