WebIf a consumer spends all his income and his marginal utility per dollar is equal for all goods, then A) marginal utility is maximized. B) total utility is maximized. ... If income is $13, then utility is maximized when consumption is A) 6 units of X and 1 unit of Y B) 5 units of X and 3 units of Y C) 4 units of X and 5 units of Y D) 3 units of ... WebMar 9, 2024 · The break even point is at 10,000 units. At this point, revenue would be 10,000 x $12 = $120,000 and costs would be 10,000 x 2 = $20,000 in variable costs and $100,000 in fixed costs. When the number of units exceeds 10,000, the company would be making a profit on the units sold.
Marginal Utility vs. Marginal Value: What
WebMar 14, 2024 · Marginal cost represents the incremental costs incurred when producing additional units of a good or service. It is calculated by taking the total change in the cost … WebDec 7, 2024 · Marginal Revenue is the revenue that is gained from the sale of an additional unit. It is the revenue that a company can generate for each additional unit sold; there is … pink panther films cast
Marginal Cost Formula - Definition, Examples, Calculate …
WebThe marginal utility per dollar can then be calculated by dividing the MU M U at each level of consumption by the price of \$0.50 $0.50. The use of the marginal utility per dollar spent in making decisions is fairly straightforward. WebFeb 13, 2024 · Marginal Utility = Change In Total Utility / Change In Units The change in total utility can be calculated as the current total utility subtracted by a previous total … WebMarginal cost is different from average cost, which is the total cost divided by the number of units produced. At each level of production and time period being considered, marginal … pink panther finance