Marginal Utility -Lily Has $10 to Spend Each Week on Fish and Week

question 188

Multiple Choice

Marginal Utility

-Lily has $10 to spend each week on fish and chicken. Fish costs $2 a serving and chicken costs $3 a serving. The table shows Lily's marginal utilities of fish and chicken. Lily will consume ________ servings of chicken and ________ of fish each week.

• A) 4; 0
• B) 1; 3
• C) 0; 5
• D) 2; 2

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Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained within the company to be used for future growth, investment, or debt repayment, rather than being distributed to shareholders as dividends.

Detachable Stock Warrants

Financial instruments that grant the holder the right to purchase company stock at a specified price and are separable from the bond or stock with which they were issued.

Additional Paid-In Capital

Additional paid-in capital refers to the amount of money investors have paid for shares in a company over and above the stated par value of the shares.

Expired Warrants

Warrants that have reached their expiration date and are no longer valid or exercisable to buy the underlying security at a predetermined price.