Table 192 In Table 19

question 32

Multiple Choice

Table 19.2 $\begin{array}{c}\begin{array}{|c|}\hline\text { Quantity Consumed }\\\hline1 \\\hline 2 \\\hline 3 \\\hline 4\\\hline\end{array}\begin{array}{c|}\hline\text { Total Utility}\\\hline15\\\hline\\\hline30\\\hline\\\hline\end{array}\begin{array}{c|}\hline\text { Marginal Utility}\\\hline15\\\hline9\\\hline\\\hline3\\\hline\end{array}\end{array}$

In Table 19.2,diminishing marginal utility occurs

• A)With the second and fourth units only.
• B)With the first and third units only.
• C)Only with the second unit.
• D)With all units after the first.

---

Definitions:

Minimizing Losses

Strategies or actions taken by businesses or investors to reduce financial losses or minimize risks.

Total Profit

The total amount of money a business has earned after all expenses have been deducted from its total revenue.

Profit-Maximizing

A strategy or goal of businesses to achieve the highest possible profit, where the marginal cost of production equals the marginal revenue from sales.

Total Revenue

The total amount of money generated by a business from selling goods or services before any expenses are subtracted.