All categories

4 years ago

Total utility:

Business

1 answer:

jeka57 [31]4 years ago

4 0

Answer:

The answer is: is the total satisfaction derived from the consumption of given quantity of a good.

Explanation:

Utility is the value or satisfaction received form consuming a product or service.

Total utility is the total satisfaction received from consuming a given amount of units of a product or service.

While marginal utility is the satisfaction we receive from consuming an additional unit of a product or service.

You might be interested in

ncome Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engine

Mnenie [13.5K]

Answer:

Income statement according to the absorption costing

Sales 2,600,000

Less Cost of Goods Sold

Opening Stock 0

Add Cost of Goods Manufactured

Direct materials 1,218,000

Direct labor 522,000

Variable factory overhead 87,000

Fixed factory overhead 130,500

Less Closing Stock (1,957,500/4,350)×350 (157,500) 1,800,000

Gross Profit 800,000

Less Period Costs :

Selling and administrative expenses:

Variable selling and administrative expenses (60,000)

Fixed selling and administrative expenses (25,000)

Net Income 715,000

Explanation:

Product/Manufacturing Cost - Absorption Costing = Direct Materials + Direct Labor + Variable Overheads + Fixed Overheads

Period Cost - Absorption Costing = All Non - Manufacturing Costs

7 0

3 years ago

Why do you earn more money using compound interest than you would using simple interest?

PilotLPTM [1.2K]

Interest is calculated as a percentage of the principal. With compound interest, the interest earned is added back into the principle so during the next period you start earning interest on the new, higher amount. Every time the interest compounds, it gets added into the principal and you earn more and more interest.

Example:

10% simple interest on $100:

(.1 * 100) +100 = 10 + 100 = $110

But if you do 10% interest compounding monthly for 3 months you have:

Month 1: (.1 * 100) +100 = 10 + 100 = $110

Month 2: (.1*110) +110 = $121

Month 3: (.1*121) + 121 = $133.10

Even with this simple example you can see how much more money is earned when your interest is compounded and added back into the principal.

8 0

4 years ago

For the month of June, Mae Green budgeted the following amounts: $180 for food, $475 for rent, $15 for transportation, $50 for i

Vinil7 [7]

Answer:

No, she did not

Explanation:

In this question, we are asked to answer if Mae stayed within her budget, given her budget and the total amount she later spent.

To solve this problem, what we need to do is to add up all what she budgeted. Afterwards we add up all she spent. Then , we see the difference between the two to actually know if she stayed within her budget of not.

We proceed as follows:;

Let’s calculate budgeted amount: This is ; 180 + 475 + 15 + 50 + 65 + 25 + 150 + 30 = $990

Now, let’s calculate how much she later spent; That would be; 182 + 475 + 12 + 65 + 68 + 12.5 + 36 + 150 = $1000.5

We can see that she spent more that the amount she had budgeted. This means she didn’t stay within the total amount allocated for her budget

3 0

3 years ago

PLEASE HELP FAST!!! What is the MOST likely reason that lottery winners often end up with serious financial problems?

zhuklara [117]

Answer:

taxes and no money management

Explanation:

some comes out of taxes and you do not know what to do with so much money

5 0

3 years ago

g Which of the following factors would be most likely to lead to an increase in interest rates in the economy? a. The Federal Re

Aleksandr-060686 [28]

Answer:

The correct answer is option c.

Explanation:

An increase in interest rate can be because of an increase in demand for loanable funds or decrease in the supply of loanable funds.

Suppose most businesses decide t modernize and install new equipment. For this, they need to invest more. This will cause an increase in the demand for loanable funds. This increase in demand for loanable funds will be represented by a rightward shift in the demand curve.

This rightward shift will cause the interest rate to increase.

5 0

3 years ago