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3 years ago

Marginal utility:

Business

1 answer:

Monica [59]3 years ago

7 0

Answer:

a. is the change in total satisfaction derived from consuming one more unit of a good.

Explanation:

Marginal utility: It defines as changes in total satisfaction of consumers with one additional unit changes in the consumption of goods. It derives satisfaction level of consumer with the units of goods consumed, similarly usage of product changes with the number of the product we have in stock or purchased.

Formula; Marginal utility= $\frac{Changes\ in\ total\ utility}{Changes\ in\ number\ of\ units\ consumed}$

There are several types of marginal utility:

Zero marginal utility.
Positive marginal utility.
Negative marginal utility.
Increasing marginal utility.
Diminishing marginal utility.

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Answer:

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3 years ago

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3 years ago

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Aloiza [94]

Answer and Explanation:

The preparation of the cash flow statement using the indirect method is as follows:

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Add: depreciation expense $14,450

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Less: Increase in merchandise inventory ($24,750 - $19,200) $5,550

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3 years ago

Blaine Air Transport Service, Inc., providing air delivery service for businesses, has been in operation for three years. The fo

Valentin [98]

Answer:

Entries and their narrations are posted below

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

February 1 (Paid $275 for rent of hangar space in February)

Rent (Expense) Dr $275

Cash (Asset) Cr $275

February 2 (Purchased fuel costing $490 on account for the next flight to Dallas.)

Fuel (Expense) Dr $490

Accountt Payable (Liability) Cr $490

February 4 (Received customer payment of $820 to ship several items to Philadelphia next month.)

Cash (Asset) Dr $820

Shipment (R) Cr $820

February 7 (Flew cargo from Denver to Dallas; the customer paid $910 for the air transport)

Cash (A) Dr $910

Ticket (R) Cr $910

February 10 (Paid $175 for an advertisement in the local paper to run on February 19.)

Advertisement (E) Dr $175

Cash (A) Cr $175

February 14 (Paid pilot $2,300 in wages for flying in January (recorded as an expense in January))

Wages payable (L) Dr 2300

Cash (A) Cr 2300

February 18 Flew cargo for two customers from Dallas to Albuquerque for $3,800; one customer paid $1,600 cash and the other asked to be billed.

Cash (A) Dr 1600

Account Receivable (A) Dr 2200

Ticket (R) Cr 3800

February 25 Purchased on account of $2,550 in spare parts for the planes.

Spares (E) Dr 2550

Account Payable (L) Cr 2550

February 27 (Declared a $200 cash dividend to be paid in March.)

Retained Earnings (SE) Dr 200

Dividend Payable (L) Cr 200

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3 years ago