Total utility:
is the change in total satisfaction derived from consuming one more unit of a good.
is the change in marginal satisfaction derived from consuming one more unit of a good.
decreases with the consumption of each additional good.
is the total satisfaction derived from the consumption of given quantity of a good.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Total utility: is the change in total satisfaction derived from consuming one more unit of a good. is the change in marginal satisfaction ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is the name for the amount or money whereby assets exceed liabilities?
Answers (2)
In addition to the three basic financial statements, which of the following is also a required financial statement? a. The "Cash Budget" b. Statement of Cash Flows c. Statement of Cash Inflows and Outflows d. The "Cash Reconciliation"
Answers (1)
A parent holding company sells shares in its subsidiary such that the parent now owns only 65% of the subsidiary and, thus, the tax returns of the parent and its subsidiary can't be consolidated.
Answers (2)
If the rate of inflation is 5.4 % , what nominal interest rate is necessary for you to earn a 2.7 % real interest rate on your investment? (Note: Be careful not to round any intermediate steps less than six decimal places.)
Answers (1)
At year end, Tangshan China Company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 shares of common stock outstanding.
Answers (1)
New Questions in Business
A larger budget deficit a. raises the interest rate and investment. b. reduces the interest rate and investment. c. raises the interest rate and reduces investment. d. reduces the interest rate and raises investment.
Answers (1)
What is the customary APR on purchases after the initial 12 months?
Answers (1)
What is partnership business?
Answers (2)
Write a fictional scenario (can be based on something you have witnessed in real life) describing an ethical challenge you might encounter in a loan transaction.
Answers (1)
Equipment was purchased for $152000. Freight charges amounted to $5000 and there was a cost of $14000 for building a foundation and installing the equipment.
Answers (1)