Answer:
$1.40
Explanation:
The total contribution margin is determined by deducting variable costs from sales during the period:
Assuming a production of 10,800 units, the contribution margin per unit is:
The contribution margin per unit in July is $1.40.
Answer:
The law of diminishing marginal utility.
Explanation:
Marginal utility is basically satisfaction derived from consuming an extra unit of product. According to the law of diminishing marginal utility as consumption increases the marginal utility derived from each additional unit decreases.
So when we consume 1 chips marginal utility is high, then as more is consumed we still get some positive utility out of it but at a decreasing rate now. At some point this utility equals zero after which it starts declining as more chips are consumed because it is not providing any satisfaction now. Therefore the chips should be consumed only up to the point where the marginal utility equal zero.
<span>Adina deposits $1,000 in the bank. The bank can then use her savings to make loans to/for investors. </span>
