Ask Question
BusinessBusiness
1 June, 17:21

The satisfaction received from using one more unit of a good or service is called

+3
Answers (1)
  1. 1 June, 18:43
    0
    The satisfaction received from using one more unit of a good or service is called "marginal benefit ". Marginal benefit alludes to what individuals will surrender keeping in mind the end goal to get one more unit of a goods or services, while marginal cost alludes to the estimation of what is surrendered so as to deliver that extra unit. Extra units of a good ought to be created as long as minimal advantage is more than marginal cost.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The satisfaction received from using one more unit of a good or service is called ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Pertaining to the strategic importance of forecasting, shortages in what area can result in loss of customers, and loss of market share:
Answers (1)
If the factory overhead is overapplied, then the adjusting journal entry to close the factory overhead account includes a: (Check all that apply.)
Answers (1)
In a market system, if firms in an industry persistently earn total revenues that are less than total costs, then that industry will
Answers (1)
In a statement of cash flows, which of the following would be classified as an investing activity? A. Interest paid to a lender. B. The issuance of bonds payable. C. The sale of equipment. D. The sale of the company's own common stock for cash.
Answers (1)
How is a loan obtained through a pawnshop typically paid off? A. In multiple payments, and the collateral is returned. B. In a single payment, and the collateral is returned. C. The lender sells the item to pay off the interest. D.
Answers (1)
New Questions in Business
What causes changes from one phase of the business cycle to another?
Answers (1)
Worthy Ships initially issued 400,000 shares of $1 par stock for $2,000,000 in 2021. In 2023, the company repurchased 40,000 shares for $400,000. In 2024. 20,000 of the repurchased shares were resold for $320,000.
Answers (1)
A new mall will be constructed in a large city. Why are business owners most likely viewing a topography map before construction? a. to find flat areas of land for building b. to identify key landforms in the area c.
Answers (1)
True or False? An environmental office is one that is concerned with managing resources so these resources do not negatively affect the environment.
Answers (2)
Bruno's stock should return 14 percent in a boom, 11 percent in a normal economy, and 4 percent in a recession. The probabilities of a boom, normal economy, and recession are 8 percent, 90 percent, and 2 percent, respectively.
Answers (1)
Home » Business » The satisfaction received from using one more unit of a good or service is called
Sign Up Forgot Password?