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2 years ago

What term is best described as the additional satisfaction gained from purchasing a good given the price of the product?.

1 answer:

4 0

Please note that the term marginal utility is used to describe the additional benefit or utility gained by a consumer from purchasing and using an additional unit of a product or service.

<h3>What is Marginal Utility used for?</h3>

In social science - economics, Marginal Utility is used to calculate how much of an item or service a consumer will be ready or willing to purchase.

It aids the economist to determine consumer behavior in relation to the way a person would spend their income on various goods in order to gain the most benefit possible.

See the link below for more about Marginal Utility:
brainly.com/question/15050855

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When Glenn is thirsty, he always buys a Coke. Like many consumers, Glenn engages in considerable alternative evaluation when buy

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False

Explanation:

Buying coke by Glenn is an habit because he does not have to think before doing it. He does not even try to consider alternatives which could be as a result of his total satisfaction from coke. Habitual decisions need little to no conscious effort (reasoning) to make.

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2 years ago

A beta distribution center worker was injured when she tried to remove items on the shelf and not a heavy box onto her for a wee

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C. Teach procedures for stacking items in straight, even loads.

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3 years ago

Online Book Merchants offers premium customers 1 free book with every purchase of 5 or more books and offers 2 free books with e

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Answer:

A statement that assigns freeBooks the appropriate value based on the values of the boolean variable isPremiumCustomer and the int variable nbooksPurchased.

if(nbooksPurchased > 4){

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if(nbooksPurchased > 7){

freeBooks = 2;

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if(nbooksPurchased > 11){

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}else{freeBooks = 0;}

Explanation:

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2 years ago

The quantity of good Y is measured along the vertical axis, and the quantity of good X is measured along the horizontal axis. If

Degger [83]

Answer:

shifts inward to the left and both intercepts will decline.

Explanation:

A budget line shows the various combinations an individual can purchase of two goods given an income level or budget.

When there is an increase in price, the number of goods that can be bought at all price levels decreases, there is a shift in the budget line to the left.

This is illustrated in the attached diagram. When price increases there is a shift from A'B' to AB

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3 years ago

QS 11-9 Recording warranty repairs LO P4 On September 11, 2016, Home Store sells a mower for $490 cash with a one-year warranty

prisoha [69]

Answer:

On September 11, 2016, Home Store sells a mower for $490 cash with a one-year warranty that covers parts

Recording of revenue:

Cash $490 (debit)

Revenue $490 (credit)

Recording of Warranty granted :

Assurance Warranty expense $49.00 (debit)

Warranty Provision $49.00 (credit)

$490 × 10% = $49.00

On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $34 in materials taken from the Repair Parts Inventory

When warranty is subsequently received:

Warranty Provision $ 34 (debit)

Repair Parts Inventory $ 34 (credit)

Explanation:

On September 11, 2016, Home Store sells a mower for $490 cash with a one-year warranty that covers parts

Recording of revenue:

Cash $490 (debit)

Revenue $490 (credit)

We Recognise Revenue to depict transfer of control of mower

Recording of Warranty granted :

Assurance Warranty expense $49.00 (debit)

Warranty Provision $49.00 (credit)

$490 × 10% = $49.00

There is no option for customer to take the warranty or not, so this is a service warranty.The warranty is measured at the best estimate of expenditure required to settle the obligation that is at 10% of sales.

On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $34 in materials taken from the Repair Parts Inventory

When warranty is subsequently received:

Warranty Provision $ 34 (debit)

Repair Parts Inventory $ 34 (credit)

Utilise the Warranty Provision when the warranty claim is subsequently received

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3 years ago