which of the following correctly describes just-in-time (jit) management A. It helps managers cut costs by speeding the transformation of raw materials into finished products.. B. It is an inventory approach that stockpiles raw materials to protect against supply interruptions. C. It is a cost management approach that focuses on maintaining large finished goods inventory levels. D. It is a production approach that maintains surplus goods at each stage of manufacture.

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.