Examlex
For 2017 Kuhlman Corporation reported net income of $36,000; net sales $400,000; and average share outstanding 16,000. There were no preferred dividends. What was the 2017 earnings per share?
Marginal Utility
The supplementary enjoyment or value obtained by consuming an extra unit of a good or service.
Total Utility
The overall satisfaction or happiness a consumer derives from consuming a certain quantity of goods and services.
Marginal Utility
The extra benefit or utility gained from acquiring or consuming an additional unit of a product or service.
Utility Per Dollar
The amount of satisfaction or usefulness gained per unit of currency spent, used to measure consumer value.
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