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Likurg_2 [28]
3 years ago
5

Define term total utility and marginal utility​

Business
2 answers:
elena-14-01-66 [18.8K]3 years ago
7 0
Term total utility: The utility is the satisfaction that an individual derives from consuming a good or service. Similarly, total utility is the total satisfaction received from consuming a given total quantity of a good or service.

Marginal utility: Marginal utility is the added satisfaction a consumer gets from having one more unit of a good or service. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase. ... Marginal utility can be positive, zero, or negative.
kherson [118]3 years ago
6 0

Answer:

<em>While total utility measures the aggregate satisfaction an individual receives from the consumption of a specific quantity of a good or service, marginal utility is the satisfaction an individual receives from consuming one additional unit of a good or service.</em>

<em>it</em><em>t</em><em>s</em><em> </em><em>help</em><em> </em><em>you</em><em> </em><em>✌</em><em>☺</em>

<h3><em>it</em><em>§</em><em>XxRoyalThunderKingxX</em><em>˚*・༓✧.* ༓・*˚⁺‧</em></h3>

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Answer:

<u>Overhead Report for heavy-duty trailer axles.</u>

Order size ($ 16.85 × 200)              $3,370.00

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ABC system allocates overheads to jobs using cost drivers.

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Then the Cost driver rate is calculated for each Activity Center. Our question has provided these.

The final step is to allocate the overheads to a particular job using the cost driver rate.

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Explanation:

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T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $500. By the end of April, the fund has a cash balanc
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Answer:

The question is missing some figures which can be seen from the attached image.

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