Marginal Utility Is the

question 39

Multiple Choice

Marginal utility is the

• A)total satisfaction received from consuming a given number of units of a product.
• B)average satisfaction received from consuming a product.
• C)extra satisfaction received from consuming one more unit of a product.
• D)satisfaction achieved when a consumer has had enough of a product.

---

Definitions:

Manufacturing Overhead Budget

An estimation of all manufacturing costs, excluding direct labor and direct materials, planned for a specific period.

Predetermined Overhead Rate

An estimated charge used to allocate manufacturing overhead to individual products or jobs, based on a selected activity base.

Budgeted Income Statement

A financial statement that projects the income and expenditures for a specific future period, based on management's expectations and budgeting processes.

Expected Profitability

An estimation of the future financial gains of a business or investment, based on analysis or trends.