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2 years ago

Define term total utility and marginal utility

2 answers:

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]2 years ago

6 0

Answer:

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.

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2 years ago

Read 2 more answers

Compute the present value of an $1,350 payment made in nine years when the discount rate is 11 percent. (Do not round intermedia

xeze [42]

Answer:

<h2>The present value of PV in this case is $527.76 approximately.</h2>

Explanation:

The mathematical or accounting formula of Present Value(PV)= $\frac{FV}{(i+r)^{n} }$ where FV denotes the future cash payment to be made,r represents the discount rate and n is the number of years in which the future payment has to made.Here,the future cash payment of FV is given as $1350,the discount rate is 11% or 0.11 and the number of years in which the FV has to be paid is 9 years.

Hence,PV in this case= $\frac{1350}{(1+0.11)^{9} }=\frac{1350}{(1.11)^{9} }=\frac{1350}{2.5580 }=527.76 dollars$ approximately

Therefore,based on the information given the PV in this case is $527.76 approximately.

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2 years ago

Cynthia, a copy editor at a leading daily newspaper, wants one month's leave from work. Because of tight deadlines, her supervis

Mashutka [201]

Answer:

valence

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Based on the information provided within the question it can be said that this scenario best illustrates the factor of valence. In the context of psychology this term refers to the attractiveness or adverseness of a situation, event or object. Which in this case would be Cynthia's one month leave, which depending on which perspective you take (Cynthia's or her Boss') it may either be viewed as good or bad.

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2 years ago

Generally, revenue from sales should be recognized at a point when

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Answer:

D. none of these answer choices are correct.

Explanation:

The principle of revenue recognition occurs when the revenue is realized or earned either cash is received or not and it also serves the accounting accrual basis. Realizable also means that the buyer gets the product but the payment is made afterward.

In this, it does not depend on cash transactions.

Hence, the option D is correct

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2 years ago

How much can Azco Autosystems, Inc., afford to spend on an energy management system if the software will save the company $21,30

ivann1987 [24]

The amount that that Azco Autosystems, Inc., can afford to spend on an energy management system is $80,744.

<h3>Present value</h3>

Using this formula

Present Value = A(P/A, 10%, 5)

Where:

A=$21,300

(P/A, 10%, 5)=3.79079

Let plug in the formula

Present Value = 21,300 (P/A, 10%,5)

Present Value = 21,300 (3.79079)

Present Value =80,743.8

Present Value = $80,744 (Approximately)

Inconclusion the amount that that Azco Autosystems, Inc., can afford to spend on an energy management system is $80,744.

Learn more about present value here:brainly.com/question/15904086

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2 years ago

Define term total utility and marginal utility​

Define term total utility and marginal utility