Total utility is defined as the:
a. change in marginal utility a person derives from the consumption of a good.
b. change in total utility a person derives from the consumption of a good divided by the price of that good.
c. change in total utility a person derives from the consumption of a good divided by the change in the consumption of that good.
d. sum of the amounts of satisfaction a person receives from consuming a good. change in total utility a person derives from the consumption of a good.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Total utility is defined as the: a. change in marginal utility a person derives from the consumption of a good. b. change in total utility ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
If a jordanian confers very closely with another business person, this is an example of
Answers (1)
The ratio of purchased material and services costs compared to total costs or total income has a major influence on: Multiple Choice:a. the nature of the products or services acquired. b. the size of the supply base. c.
Answers (2)
The study of how growth-driven, performance-focused, early stage firms raise financial capital and manage operations and assets is called:
Answers (1)
Legislation requires that all non-salaried employees who work more than 40 hours a week be paid over-time for the week.
Answers (1)
While melissa was working at a factory, a heavy machine fell on her and broke her legs. Her doctors say she needs 3 months of complete bed rest to recover. What is she able to claim from the state? (number 1 is wrong) 1. better working conditions. 2.
Answers (1)
New Questions in Business
The firm that allows customers to select from a variety of standard options to create the service or product of their choice is practicing Group of answer choices none of the above. postponement. channel assembly. mass customization.
Answers (1)
Which of the following statements is true? a An increase in the money supply lowers the equilibrium rate of interest. b The supply of money curve is downward sloping. c The supply of money curve is a horizontal line.
Answers (1)
Why do you think the government is concerned with the definition of unemployment?
Answers (1)
Jodi just described how Best Buy's new program required a very different way of defining work. Because the hours are no longer imposed by the organization but are rather left up to the individual, Best Buy will need individuals with certain skills
Answers (1)
Paul Swanson has an opportunity to acquire a franchise from The Yogurt Place, Inc., to dispense frozen yogurt products under The Yogurt Place name. Mr. Swanson has assembled the following information relating to the franchise:a.
Answers (1)