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2 years ago

Which best describes the relationship between total utility and marginal utility?.

1 answer:

6 0

The correct answer is: Total utility rises first but the begins a sudden fall when the marginal utility points toward the negative while Marginal utility falls when each unit is purchased.

<h3>What is utility?</h3>

Utility is a form or state of being profitable or beneficial. It shows the usefulness of the item to an individual.

Marginal utility is the addition made to total utility while total utility is the aggregate of all utility that is derived by the consumption of all commodities.

Learn more about Utility here:

brainly.com/question/20659068

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In marketing, an organization refers to

adelina 88 [10]

Answer:

the answer is C. a legal entity of people who share a common mission.

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4 years ago

An outside supplier offers to provide Epsilon with all the units it needs at $64.50 per unit. If Epsilon buys from the supplier,

Harman [31]

Answer:

See below

Explanation:

The above is an incomplete question. However, the beginning part from similar question is

Epsilon co. Can produce a unit of product for the following costs. Direct material Direct labor overhead total cost per unit

$8.20 $24.20 $41 $73.40

Calculation to determine what Epsilon should choose

Relevant costs to make = $8.2 + $24.20 + [$41 × (100% - 40%)]

Relevant costs to make = $8.2 + $24.20 + ($41 × 60%)

Relevant costs to make = $8.2 + $24.20 + $24.6

Relevant costs to make = $57

Therefore, Epsilon should choose to:

Make since the relevant cost to make it is $57

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3 years ago

What is the highest level of authoritative rules for state and local government accounting?

Serjik [45]

GASB statement is the highest level of authorities rules for state and local government accounting.

Government Accounting Standard Board statements and interpretations are the best levels of authority beneath GASB's GAAP hierarchy as established via GASB Statement No. 76, The Hierarchy of typically accepted Accounting ideas for the country and nearby Governments, that's effective for FY 2016.

This concept statement is considered one of a series that the GASB has issued or will problem. Concepts Statements are intended to offer a conceptual framework of interrelated goals and essential principles that can be used as a foundation for organizing constant accounting and financial reporting requirements.

Required governmental fund statements are a balance sheet and an announcement of sales, costs, and modifications in fund balances. Required proprietary fund statements are an assertion of internet assets; an assertion of revenues, prices, and modifications in fund internet property; and a statement of coins flow.

Learn more about Government Accounting Standard Board here brainly.com/question/20757640

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1 year ago

From an initial equilibrium, suppose there’s an increase in demand. Once the market reaches its new equilibrium, there will be a

BabaBlast [244]

Answer:

b. more transactions, and they will take place at a higher price.

Explanation:

The markets are at equilibrium where market demand = market supply. And; the downward sloping demand curve (inversely related to price), upward sloping supply curve (directly related to price) intersect.

From initial equilibrium, if there is increase in demand : Increase in demand shifts demand curve rightwards. This creates excess demand at the previous equilibrium price. Excess demand leads competition among buyers, <u>increases the equilibrium price</u>. At new higher equilibrium price, quantity supplied expands & quantity demanded (at the new increased demand curve) contracts. The new equilibrium quantity is then determined at a <u>higher equilibrium quantity.</u>

The new higher equilibrium price & quantity are determined at the intersection of new increased (rightwards shifted) demand curve with the supply curve {as per the above explained mechanism}

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4 years ago

Super Tread Inc. is a large manufacturer of auto tires. Super Tread has provided the following information: Sales Revenue $ 60

SVETLANKA909090 [29]

Answer:

ending finished inventory= 46,500

Explanation:

Giving the following information:

Beginning Finished Goods Inventory= $22,500

Cost of Goods Sold= $35,000

Cost of Goods Manufactured= $59,000

To calculate the finished goods inventory, we need to isolate it form the cost of goods formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

ending finished inventory= beginning finished inventory + cost of goods manufactured - COGS

ending finished inventory= 22,500 + 59,000 - 35,000

ending finished inventory= 46,500

8 0

3 years ago