Marginal utility is equal to which of the following? (A) total income divided by the price of the product (B) the change in total utility from consuming one more unit of a good (C) the satisfaction obtained from consuming any number of units of a good (D) total utility divided by the number of units of the good
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Marginal utility is equal to which of the following? (A) total income divided by the price of the product (B) the change in total utility ...” 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 company manufactures one of its crucial parts at a cost of $150 per unit. This cost is based on normal production of 10,000 units per year.
Answers (1)
Which of the following is NOT a valid method of modifying cash flows to produce a MIRR? A. Turn multiple negative cash flows into a single negative cash flow by summing all negative cash flows over the project's lifetime. B.
Answers (1)
As of December 31, 2017, Nilsen Industries had $2,000 of raw materials inventory. At the beginning of 2017, there was $1,600 of materials on hand. During the year, the company purchased $354,000 of materials; however it paid for only $314,000.
Answers (1)
A consumer is currently purchasing three pairs of Jeans and five t-shirts per year. The price of jeans is $30 and the price of the t-shirts $10.00.
Answers (1)
Assume Metro Corporation had a net income of $2,400 for the year ending December 2018. Its beginning and ending total assets were $30,000 and $19,000, respectively. Calculate Metro's return on assets (ROA).
Answers (1)
New Questions in Business
Which statement is descriptive of the long run rather than the short run? The firm must pay an electric bill that varies each month as well as a mortgage payment of $10,000 per month.
Answers (1)
When builders were constructing a sidewalk they forgot to include an expansion joint between two of the?
Answers (1)
Included in Waterway Company's December 31, 2017, trial balance are the following accounts: Accounts Payable $221,600, Pension Liability $384,400, Discount on Bonds Payable $32,700, Unearned Rent Revenue $41,100, Bonds Payable $400,600, Salaries and
Answers (1)
The law of increasing opportunity costs is a result of the fact that: a. A) the value of the dollar has declined over time. b. B) wage rates rise as the economy reaches full employment. c.
Answers (1)
A company has beginning inventory of 11 units at a cost of $29 each on February 1. On February 3, it purchases 39 units at $31 each. 17 units are sold on February 5.
Answers (1)