If, when you consume another piece of candy, your marginal utility is zero, then you have gotten the most out of eating candy overall.
<h3>What is marginal utility?</h3>
- Utility in economics refers to the pleasure or advantage obtained from using a thing.
- A good or service's marginal utility quantifies how much consumers enjoy or are satisfied after increasing or decreasing their use by one unit.
- You may purchase an iced doughnut, for instance. You consequently gain some degree of utility or satisfaction from it.
- The general rule in economics is that marginal utility equals total utility change divided by change in quantity of goods.
- The equation looks like this: Total utility difference divided by amount of commodities difference equals marginal utility.
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Answer:
Option (c) is correct.
Explanation:
Multiplier effect = 1 ÷ (1 - marginal propensity to consume)
= 1 ÷ (1 - 0.75)
= 4
Net exports = Exports - Imports
= 0.5 - 0.7
= (-0.2)
Impact on the equilibrium income = Net exports × Multiplier effect
= (-0.2) × 4
= (-0.8),
so, the equilibrium income will fall by $0.8 trillion.
Answer:
Option D. It prepares employees for different positions and jobs that do not exist yet.
Explanation:
The reason is that employee development plan is to equip the existing employee with the skills that will result in increase in the employability and promotion. This will also result in increased motivation, efficiency gaining, better employee decision making, increased employability, promotions, etc. This is more in cards for employees than the employers. Thatswhy it is termed employee development programs.
Answer:
the contribution margin per unit is $5.75 per unit
Explanation:
The computation of the contribution margin per unit is shown below:
The Contribution margin per unit is
Contribution margin per unit= Contribution margin ÷ Sales units
= ($69,000 - $46,000 ) ÷ 4,000
= $5.75 per unit
Hence, the contribution margin per unit is $5.75 per unit
We simply applied the above formula so that the correct value could come
And, the same is to be considered
