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AlexFokin [52]
2 years ago
15

Suppose that Dillon derives 40 utils of total utility from eating 5 hotdogs and 42 utils of total utility from eating 6 hotdogs.

What is​ Dillon's marginal utility from eating the 6th​ hotdog? A. 7 B. 6 C. 2 D. 6.67
Business
1 answer:
gavmur [86]2 years ago
3 0

Answer: The marginal utility is 2

Explanation:

Utility is the satisfaction derived from the consumption of a particular commodity. Total utility is the total satisfaction derived from the consumption of a particular commodity. Marginal utility is the extra satisfaction that a consumer gets from consuming a product. Utility is measured in utils.

Marginal utility increases with an extra consumption of a good at first but later it begins to reduce as the extra good consumed doesn't really have give the consumer enough satisfaction anymore.

Regarding the question, eating 5 hotdogs gives 40 utils and eating 6 hotdogs gives 42 utils.

The marginal utility is the extra utils which will be 42-40 which gives 2 utils.

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Answer:

Bad debt expense  $ 14.850

Explanation:

Initial Balance    

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Allowance for Uncollectible Accounts  $ 600  

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We must calculate the difference between the actual balance and the must be balance.

Adjustment entry

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Allowance for Uncollectible Accounts  $ 14.850

END Balance    

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Allowance for Uncollectible Accounts  $ 15.450  

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3 years ago
Absorption costing income would be ____ variable costing income. a. $150,000 less than b. $150,000 greater than c. $240,000 less
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E. None of the above

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3 years ago
ech Gadgets Co. distributes complex and relatively expensive goods, with customers typically requiring assistance before purchas
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Intensive

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I hope this helps.

6 0
3 years ago
Which person makes original journal entries in the general ledger and reporting system about events such as dividend payments an
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Treasurer-person makes original journal entries in the general ledger and reporting system about events such as dividend payments and payments to creditors

<h3>What does us Treasurer do?</h3>

The Treasurer of the United States has direct oversight over the U.S. Mint, the Bureau of Engraving and Printing and Fort Knox and is a key liaison with the Federal Reserve. In addition, the Treasurer serves as a senior advisor to the Secretary in the areas of neighborhood development and public engagement.

<h3>Why is it referred to as a Treasurer?</h3>

Originally the phrase referred to the individual in charge of the treasure of a noble; however, it has now moved into wider use. In England at some stage in the seventeenth century, a function of Lord High Treasurer was used on a number of events as the 0.33 remarkable officer of the Crown.

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8 0
1 year ago
Many U.S. firms have sought relief from foreign competition by demanding protectionism policies by the U.S. government. A better
lord [1]

Answer: C) Continuously improve their products at home.

Explanation:

Protectionism policies like tariffs and import quotas have the effect of reducing free trade which erodes consumer welfare as well as hurting trade so should be avoided if better options exist.

One of those is for a company to increase its market base instead of relying on protection from the government. If they can expand into foreign market, they will have a larger market in which to trade their goods and increase profitability.

Another way is to improve their products at home. Better products would attract more customers to their products and increase profitability.

6 0
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