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What is the marginal cost of the 8th unit of output?
it is the difference between the total cost of producing 8 units and 7 units of output.
What is the break even in units if a firm sells 20000 units at 40 each variable costs per unit are 10 and total fixed costs equal 120000?
1. Breakeven point = fixed cost/ contribution margin ratio contribution margin ratio: (sales - variable cost)/sales Sales = 20000 * 40 = 800000 Less: Variable cost = 20000 * 10 = 200000 Contribution margin = 600000 Contribution margin ratio = 600000/800000 = .75 Breakeven point in dollars = 120000/.75 = $160000 breakeven point in units = 160000 / 40 = 4000
If a company has annual fixed cost of Rs.450000 and variable cost in Rs.15per unit.If the unit price is Rs.25 how much unit thos company should manufacture and sell in order toearn Rs.120000 profit.?
Contribution margin per unit = 25 - 15 = 10 Breakeven point = (450000 + 120000) / 10 Breakeven point = 57000 units
Useful life is expressed in terms of use expected from the asset under the?
Units of Activity method
Digitex Inc had sales of 6000 units in March A 50 percent increase is expected in April The company will maintain 5 percent of expected unit sales for April in ending inventory Beinning inventory fo?
Digitex, Inc. Projected sales 9000(6000x1.5) +desired ending inventory 450(5%of 9000) -Beginning inventory..... 200units Units to be produced.... 9,250 units
How many units can you get from 120000 millilters?
600000
What is the energy producing units of a cell?
the polijhfjhnhjjnnkl
What is the energy-producing units of cells?
neves
What is the energy producing units of a cell called?
nerves
What is the energy producing units of the cell?
the polijhfjhnhjjnnkl
What is the significance of utility units in measuring the effectiveness of a product or service?
Utility units are important in measuring the effectiveness of a product or service because they quantify the value or benefit that consumers derive from using it. By tracking utility units, businesses can assess how well their offerings meet customer needs and preferences, helping them make informed decisions to improve their products or services.
What is average utility?
Average Utility is defined as the utility derived (or obttained) from the use of one unit of commodity. It is calculated by dividing the total number of utils by the number of units commodity is used by the consumer.
How does a monotonic transformation affect a utility function?
A monotonic transformation does not change the preferences represented by a utility function. It only changes the scale or units of measurement of the utility values, but the ranking of preferences remains the same.
What is the difference between marginal utility and marginal benefit?
I think this is the answer, based off my textbook, "Microeconomics" by Zupan and Browning. Marginal benefit is the "...maximum amount the consumer would pay for an additional unit" of some good. The height of the demand curve can be interpreted as showing the marginal benefit of some good. Marginal utility is the amount that total utility rises when consumption increases by one unit. For example if total utility for one scoop of ice cream is 10 units and totality utility for the second scoop of ice cream is 15 units, marginal utility measures the difference, 5 units, between the two.
What is the marginal cost of the 8th unit of output?
it is the difference between the total cost of producing 8 units and 7 units of output.
When does total utility decrease and marginal utility increase?
Total utility decreases when the consumption of a good exceeds a level where additional consumption leads to dissatisfaction or negative experiences. Marginal utility, which measures the additional satisfaction gained from consuming one more unit of a good, can increase in specific scenarios, such as when the consumption of a good is initially low and additional units provide greater satisfaction. However, generally, as more units are consumed, marginal utility tends to decline due to the law of diminishing marginal utility. Thus, a scenario where total utility decreases and marginal utility increases is uncommon and typically reflects unique circumstances or changes in consumer preferences.
Is utility derived from consumption intangible and unobservable and if so does utility concept has practical value?
Cheers to your English by the way. And utility is also derived from leisure. Utilitarianism is the application of the concept. Utility is derivable (sometimes very roughly however) through observing prices. If I am willing to spend $0.45 driving to the store, $2.05 worth of time, and then $5.00 on a loaf of bread, then you know that I value the expected utility from that loaf as greater than $7.50. Utility is simply the theoretical unit of satisfaction. Every decision made is determined by cost-benefit analysis measured in utils, however as it is an intangible unit we use other units such as dollars or yuans or McDonald's Chicken Sandwiches (if you're feeling bodatious.
