Marginal Utility Is the

question 80

Multiple Choice

Marginal utility is the

• A)utility that an individual gains from consuming an additional unit of a good.
• B)minimum utility that a person must receive from a good in order to consume it.
• C)cost that an individual bears in consuming another unit of a good.
• D)total opportunity cost of consuming a good.
• E)amount of utility that an individual gains from consuming a good.

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Definitions:

Net New Borrowing

Net New Borrowing refers to the amount of new borrowing a company takes on, minus any loan repayments, indicating the net increase in its debt level.

Net Working Capital

The gap between what a firm owns in the form of current assets and what it owes as current liabilities, reflecting its ability to cover short-term expenses.

Statement of Financial Position

Also known as a balance sheet, it is a financial statement that shows the assets, liabilities, and equity of a company at a specific point in time, illustrating the company's financial condition.

Total Assets

The cumulative amount of all resources controlled by an entity from which future economic benefits are expected to flow to the entity.