Consumer choice is influenced not only by the marginal utility that extra units of a good will yield, but also by how much satisfaction must be given up to obtain extra units of the good.
<h3>What is marginal utility?</h3>
Marginal utility is extra satisfaction that is derived from having an additional product or extra unit.
Each Individual determine what to buy based on the amount of satisfaction that is derived on the product.
Therefore, consumer choice is influenced not only by the marginal utility that extra units of a good will yield, but also by how much satisfaction must be given up to obtain extra units of the good.
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Its a progressive tax. According to my economics teacher it is a type of excise tax
A community college is a type of educational institution. The term can have different meanings in different countries: many community colleges have an "open enrollment" for students who have graduated from high school
Often, this is referred to as an equilibrium.
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Answer:
A: Volume-based methods are more accurate and allowed by GAAP.
Explanation:
