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What is the extra satisfaction a consumer gets by purchasing one more unit of a product?
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∙ 11y ago
Unit cost
Wiki User
∙ 11y ago
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Is marginal utility is the extra usefulness os satisfaction a person gets from acquiring or using one more unit of a product?
Yes it is.
What are differences between marginal utility and total utility?
Topic Marginal Utility Total Utility 1. Definition Marginal utility is the extra satisfaction which a consumer gets from consuming additional units of goods. Total utility is the sum of total satisfaction of a consumer derives from consumption of a particular good. 2. Feature It can be negative. It can't be negative. 3. Sloping It is downward sloping. It is upward sloping.
How does the law of diminishing marginal productivity affect the cost of productions?
When marginal productivity is diminished, the cost of productions can decrease if the marginal costs for making an extra product is larger than the marginal revenue for that 1 extra unit product.
What is extra output generated by one more unit of variable input?
Marginal Product
What is marginal opportunity cost?
first and foremost,to ecomists,'marginal' means "extra","additional",or'a change in'.so marginal opportunity cost means additional or extra amount of other goods that must be foregone or sacrifised to produce an extra unit of another product
Is marginal utility is the extra usefulness os satisfaction a person gets from acquiring or using one more unit of a product?
Yes it is.
What are differences between marginal utility and total utility?
Topic Marginal Utility Total Utility 1. Definition Marginal utility is the extra satisfaction which a consumer gets from consuming additional units of goods. Total utility is the sum of total satisfaction of a consumer derives from consumption of a particular good. 2. Feature It can be negative. It can't be negative. 3. Sloping It is downward sloping. It is upward sloping.
What became of Tylenol Go Tabs?
See below - e-mail from Tylenol; "Thank you for your inquiry regarding the availability of Extra Strength TYLENOL® (acetaminophen) GoTabs™ Chewable Tablets. We appreciate your loyal use of our Extra Strength TYLENOL® (acetaminophen) GoTabs™ Chewable Tablets over the past year. However, we recently made the decision to discontinue this product. This was a business decision based on competing priorities and consumer acceptance. We continue to manufacture Extra Strength TYLENOL (R) Rapid Release Gels, Caplets, Cool Caplets, EZ Tabs and Adult Liquid. We hope this information is helpful. We value you as a consumer and we are committed to your satisfaction and trust in our products. Tracey Ely TYLENOL Consumer Relationship Center"
Why is it more expensive to use shielded cable?
Manufacturing shielded cable is more expensive to produce than others types of wiring. This extra cost will be passed on to the consumer of the product.
What is the best coke product?
Pib extra. Defenatly pub extra
What is law of dmu?
the term "law of DMU" comes from economics. DMU stands for dinimishing marginal utility. the law of diminishing marginal utility states that beyond a certain quantity, addtional units of a specific good will yield declining amount of extra satisfaction to a consumer.
What is the Definition of Ancillary Products?
An ''Ancillary Product'' is an EXTRA that you buy with a product
What is a promo cod for subways cash card?
Promotional codes for Subway cards give you extra money when reloading or purchasing a card, such as an extra $5.
What is an ancillary product?
An ''Ancillary Product'' is an EXTRA that you buy with a product. For example if you booked a holiday, ancillary products would consist of aiport car parking, insurance, extra leg room etc, etc....
Where can I purchase extra wide footwear?
You can go to either of the following websites to learn more about purchasing extra wide footwear www.justwideshoes.com/ or www.shoebuy.com/wide-footwear.htm
Why do lettuces cost more in winter then they do in summer?
Because this vegetable only grows in the summer in most places. In the winter, lettuce is grown inside greenhouses and that takes money to heat and to keep the plants watered. This extra cost is charged to the consumer when they buy the product.
What size are the wireless headphones?
Wireless headphones can range in all sizes from extra small to extra large, the same as any normal headphones. Check with the manufacturer of the specific headphone before purchasing.
