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Elenna [48]
4 years ago
12

What is the difference between total utility and marginal​ utility? A. Marginal utility represents the consumer optimum while to

tal utility gives the total utility per dollar spent on the last unit. B. Total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. C. Total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. D. Marginal utility is subject to the law of diminishing marginal utility while total utility is not.
Business
2 answers:
Ierofanga [76]4 years ago
4 0

Answer:

Total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good.

Explanation:

As consumption increases, total utility increases but marginal utility would begin to diminish after a certain point is reached as a result of diminishing marginal utility.

The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit falls.

I hope my answer helps you

seraphim [82]4 years ago
4 0

Answer:

C) Total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good.

Explanation:

Total utility is the overall satisfaction a consumer derives from consuming a particular good or service. Each unit of good or service contains its own marginal utility. Total utility sums up the marginal utilities of such items. The elementary purpose of a consumer, is to derive the largest amount of utility with least expenses.

  In the law of diminishing marginal utility, it states that as more units of a single good or service are consumed, additional satisfaction known as marginal utility drops. The first good or service consumed has the highest marginal utility while the ones that follow it reduces rapidly.

  Marginal utility is the amount of satisfaction derived from consumption of additional units of a good or service. This is used to determine how much a consumer is willing to purchase. Satisfaction levels of a consumer are easily identified through marginal utility in order to influence the consumer's purchase decision. There are two cases involving marginal utility:- Positive marginal utility and Negative marginal utility. The positive marginal utility is said to happen when there is an increase I'm total utility through the consumption of an additional item while Negative marginal utility happens when total utility is decreased through the consumption of an additional item.

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Answer:

b. country culture

Explanation:

These are options for the question

a. generational cohort characteristics.

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c. a red/blue marketing campaign.

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e. regional culture.

b. country culture.

From the question we are informed about Late in the day on September 11, 2001, the day of the World Trade Center attacks, Americans purchased all the American flags Walmart stores had available, nationwide. In this case These purchases were indicative of country culture. Country Cultures are things that make one countries different from each other in term of cultural activities as well as cultural rituals these could be materials, belief as well as values

7 0
3 years ago
Why does a surplus exist under a binding price floor? It encourages sellers to produce less of the product. It encourages buyers
lapo4ka [179]

Answer:

The correct answer is it makes price higher so demand falls, creating excess supply.

Explanation:

In a price floor, their is a floor limit on price. The price level cannot go below this limit. At high price the consumers will demand less, following the law of demand. While the suppliers will supply more, following the law of supply.

So, the supply will be greater than demand creating surplus quantity in the market.

3 0
3 years ago
Knowledge Check 01 Identify the simplifying assumptions usually made in net present value analysis. (You may select more than on
steposvetlana [31]

Answer:

All cash flows other than the initial investment occur at the end of periods.

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Explanation:

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In the net present value, the yearly cash flows other than the initial investment is occur at the end of the period as all the yearly cash flows are discounted at the present value factor.

And, the discount rate is equal to the rate of return

So, these two statements are correct.

6 0
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Answer:

A week later, you browse through the trend reports.

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3 years ago
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Art [367]

Answer: Per capita GDP of a country is the total quantity of goods produced divided by the number of citizens.

Explanation:

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I hope the answer has served you!

Regards,

Brian

6 0
4 years ago
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