Marginal Utility Is Measured as

question 134

Multiple Choice

Marginal utility is measured as

• A) utility per unit of production.
• B) extra output divided by extra utility.
• C) output of a good or service divided by price.
• D) extra utility from each additional good consumed.

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Definitions:

Credit Balance

An account balance that indicates the amount a company owes to others, or it can represent a situation where a customer has paid more than the currently owed amount.

Process Cost Accounting

A method of accounting that accumulates and assigns costs to units of product in large quantities, where the products are indistinguishable from each other.

Separate Record

Maintaining independent records for different departments, entities, or operations within an organization for clarity and accountability.

Materials Requisitions

Requests for the supply of materials necessary for production or operational purposes within an organization.