Ask Question
BusinessBusiness
24 August, 21:16

If John's marginal benefit derived from the consumption of another candy bar is greater than the price of the candy bar:

+1
Answers (1)
  1. 24 August, 22:52
    0
    Answer: John will increase his satisfaction by purchasing the candy bar

    Explanation: marginal benefit is a maximum amount a consumer is willing to pay for an additional good or service. It is also the additional satisfaction or utility that consumer receives when the additional good or service is purchased. The marginal benefit for a consumer tends to decreases as consumption of the good or service increases. A marginal benefit applies to any additional unit purchased for consumption after the first unit has been acquired.

    For example, if a person purchases a burger for $10, it is assumed the consumer is obtaining at least $10 worth of perceived value from the item.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If John's marginal benefit derived from the consumption of another candy bar is greater than the price of the candy bar: ...” 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
A vendor offers to provide a $500 payment to a teacher for going "above and beyond" their normal duties and assisting the vendor deliver tutoring services. The principal considers it a stipend and approves. Is this allowable?
Answers (1)
Why is a sales tax a regressive tax?
Answers (1)
For an airline, which of the following would not be an operational budget? A cash receipts budget of flying consumers. A budget of planned air miles to be flown. A fuel budget. A materials budget for aircraft parts. A labor budget for flight crew.
Answers (2)
A company reported that its bonds with a par value of $50,000 and a carrying value of $63,500 are retired for $67,800 cash, resulting in a loss of $4,300. the amount to be reported under cash flows from financing activities is
Answers (1)
The Sky Blue Corporation has the following adjusted trial balance at December 31. Debit Credit Cash $ 1,400 Accounts Receivable 3,700 Prepaid Insurance 4,000 Notes Receivable (long-term) 4,700 Equipment 20,500 Accumulated Depreciation $ 6,000
Answers (1)
New Questions in Business
Firm a is a new producer in the market for good x, which is characterized by linear demand and supply curves. initially, to attract customers, the firm prices its product low at $8 per unit.
Answers (1)
When rent control pushes the price of apartments below the market equilibrium, then everyone who would like a rent-controlled apartment will be able to find one. a shortage of the apartments will develop. a surplus of apartments will emerge.
Answers (2)
Below is a common problem in which the payments are not the same time period as the interest rate or the time period.
Answers (1)
The following data were taken from the records of Action Company and Brown Company: (Data are in thousands) Action Company Brown Company Current assets $15,000 $10,000 Current liabilities $14,500 $5,000 Working capital $500 $5,000 Current ratio 1.
Answers (1)
Harcourt Manufacturing (HM) has the capacity to produce 10,000 fax machines per year. HM currently produces and sells 7,000 units per year. The fax machines normally sell for $100 each.
Answers (1)
Home » Business » If John's marginal benefit derived from the consumption of another candy bar is greater than the price of the candy bar:
Sign Up Forgot Password?