When a consumer shifts purchases from product x to product y, the marginal utility of <u>X rises, and the </u><u>marginal utility</u><u> of Y falls.</u>
In economics, utility is the satisfaction or benefit obtained from consuming a product. The marginal utility of a good or service describes how much pleasure or satisfaction a consumer gains or loses by increasing or decreasing his consumption by one unit. There are three types of marginal utility. They are positive, negative, or zero marginal utilities.
Marginal utility is the pleasure obtained by the consumer for each additional unit he consumes. Calculate the utility over the first consumed product (threshold amount). For example, you can buy frozen donuts. In return, this will give you a certain level of benefit or satisfaction.
Learn more about Marginal utility here: brainly.com/question/15050855
#SPJ4
Answer:
The cost of goods sold is $4,800
Explanation:
Given,
Beginning Inventory = $1,000
Ending Inventory = $1,200
Cost of goods manufactured = $5,000
Cost of goods sold = Beginning Inventory + Cost of goods manufactured - Ending Inventory.
Cost of goods sold = $1,000 + $5,000 - $1,200
Cost of goods sold = $4,800
The factors that will most likely affect revenues and profit include the number of production units, direct costs, and the production per unit.
<h3>What is revenue?</h3>
It should be noted that revenue simply means the income that a company can make based on the sales of a product.
Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. Sales or turnover are other terms used to describe commercial revenue. Some businesses make money from royalties, interest, or other fees.
In this case, the factors that will most likely affect revenues and profit include the number of production units, direct costs, and the production per unit.
Learn more about revenue in:
brainly.com/question/25623677
#SPJ1
Answer:
journal entry for every date be below
Explanation:
solution
journal entry for every date is here
date particular Debit credit
June 5 Purchase Inventory ( 210× $21 ) $4410
to cash/bank $4410
( 210 inventory purchased at $21 each)
June 9 cash/bank A/c ( 30 × $21 ) $630
Purchases Returns (Inventory ) A/c $630
( 30 inventory return )
June 16 cash/bank A/c 210 -30 × ($37 ) $6660
Cost of good sold 210 -30 × ($21 ) $3780
sales A/c 210 -30 × ($37 ) $6660
inventory A/c 210 -30 × ($21 ) $3780
remaining inventory sold at $37
