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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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Define quality assurance?
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Answer:

QA (Quality Assurance) is the method which prevents or protect the mistakes and the defects in the products which are manufactured and avoid the problem when the product or service is delivered to the customer.

Explanation:

Quality Assurance is the fragment or part of the quality management which aim on offering confidence to an individual that the quality requirements is accomplished.

The quality assurance will be used as: Execution of structured and inspection testing as a quality assurance measure.

It involves the activities of the procedural and administrative and that is executed in the quality system so that the requirements and objectives for a product or service will be accomplished.

It is the process in which the systematic measurement, monitoring the processes and comparison with a standard,  and linked the feedback loop which confers the error prevention.

6 0
3 years ago
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A __________ is a local operation completely owned by a foreign company.
solong [7]
Foreign subsidiary is correct
3 0
3 years ago
Jose Consulting paid $540 cash for utilities for the current month. Determine the general journal entry that Jose Consulting wil
elena-14-01-66 [18.8K]

Answer: Utilities Expense 540 Cash 540

Explanation:

Journal entry simply refers to the recording of transactions in a company's books. It should be noted that every transaction entered in the general ledger begins with a journal entry.

With regards to the question, the journal entry will be:

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3 0
3 years ago
Tejas has decided to finance his college education through student loans. He is planning on taking out $100,000 in loans to beco
aleksklad [387]

Answer: A. No, because he is taking out more debt then he will ever be able to pay back.

Explanation:

Getting the finance to foot one's bills could come from many different sources, one of which is to put in for a loan. However, the advice to secure a loan might best be given by a finance expert who has the knowledge and expertise required to adequately access the value of the loan, the probable return on investment and ayher embedded considerations. In the scenario given above, taking out a loan of up to $100,000 in other to target the job of finally landing a teaching job at a nursery school which would on average return a meagre pay than cannot be pitted with the loan value would be considered unreasonable on average by a finance professional simply because the return on investment will probably be nothing near the value of the loan. This way, the debt incurred from due to the loan application may never be returned from the intended job.

4 0
3 years ago
Swifty Corporation began the year with retained earnings of $102000. During 2022, the company issued $80000 of common stock for
Norma-Jean [14]

Answer:

the net income for the year 2022 of Swifty is $71000

Explanation:

The computation of the net income is shown below:

As we know that

The net income is

= revenues - expenses

= $743,000 - $672,000

= $71,000

Hence, the net income for the year 2022 of Swifty is $71000

We simply applied the above formula so that the correct value could come

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3 years ago
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