The additional satisfaction received from consuming an additional unit of a good is called Marginal Utility.
Marginal Utility is the benefit or additional satisfaction received by the consumer with each subsequent unit or additional unit of a good or service. Marginal utility is inversely related to the number of units of goods or services he has already consumed. This means that with the consumption of each additional unit add the satisfaction, and hence the marginal utility of the consumer, decreases.
Due to this downward trend, there must come a point where the marginal utility to the consumer becomes zero. This is derived from the concept that the price of foods or services is determined by their utility.
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Answer:
a) True
Explanation:
The Tax Withholding estimator will prevent having too little tax witheld and facing an unexpected tax bill or penalty in the following tax year.
As credits increase revenues, so debits increase expenses.
<h3>What are debits and credits?</h3>
Debits and credits are accounting terms used in recording financial transactions in the accounting system. Debits are used to <u>increase</u> assets and expenses or <u>decrease</u> liabilities or equity, while credits <u>increase</u> revenues and equity or <u>decrease</u> assets and expenses.
Thus, whereas credits increase revenues, debits increase expenses.
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It is referred to as exclusive representation
Answer:
1,500 units; 1,000 units
Explanation:
Break Even Point (in units) = Fixed cost ÷ Contribution margin per unit
Fixed cost = $160,000
Sales Mix = 60% of X + 40% of Y
= 0.6X + 0.4Y
So,
Contribution Margin of the Mix:
= (60% × contribution margin of X) + (40% × contribution margin of Y
)
Contribution Margin of the Mix per unit:
= (60% × 80) + (40% × 40)
= 48 + 16
= $64
Break Even Point (in units) = Fixed cost ÷ Contribution margin per unit
= 160,000 ÷ 64
= 2,500 unit
At the Level of break even
:
Unit of X at break-even:
= 60% of 2,500
= 1,500 units
Unit of Y at break-even:
= 40% of 2,500
= 1,000 units