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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Explanation:
Beginner, Apprentice, Rising Star, Helping Hand, Ambitious, Virtuoso, Expert, Ace, Genius,etc
Answer:
It's the end of the world Economy as they say .. we are going threw a serious crisis but this virus was been around just wasn't as bad .
Explanation:
Answer:
Cost of goods sold will be too low by $5,000.
Explanation:
Answer: Never
Explanation:
Discounted payback period aims to find out how long it will take for a project to repay its investment given its discounted cashflows.
Year 1 = 7,200 / ( 1 + 0.16)
= $6,206.8965
= $6,206.90
Year 2 = 8,900 / ( 1 + 0.16) ²
= $6,614.149
= 6,614.15
Year 3 = 7,500 / ( 1 + 0.16)³
= $4,804.93
Year 1 + Year 2 + Year 3
= 6,206.90 + 6,614.15 + 4,804.93
= $17,625.98
It failed to pay back the $17,700
