-The Above Table Gives Some of Tammy's Total and Marginal

question 127

Multiple Choice

-The above table gives some of Tammy's total and marginal utilities from comedy videos. Which of the following statements is true?

• A) Tammy's marginal utility from the third comedy video is equal to 580/3.
• B) Tammy's total utility from five comedy videos is 800.
• C) Tammy's marginal utility from the first comedy video is less than her marginal utility from the third comedy video.
• D) None of the above answers are correct.

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Definitions:

Retained Earnings

The portion of a company's profits not distributed as dividends to shareholders, but instead reinvested in the business or held as reserves.

Assets

Assets are resources owned by a business or individual, which provide economic value or are expected to generate future benefit.

Revenues

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Limited Liability

A legal structure that limits the financial liability of owners or shareholders of a business to the amount they've invested, protecting personal assets from business debts.