Exhibit 30-2 -Refer to Exhibit 30-2.The Interest and Interest Rate for Loan

question 96

Multiple Choice

Exhibit 30-2

-Refer to Exhibit 30-2.The interest and interest rate for loan 2 are,respectively,

• A) $500 and 25.0 percent.
• B) $2,500 and 25.0 percent.
• C) $500 and 12.5 percent.
• D) $2,500 and 12.5 percent.
• E) none of the above

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Total Utility

The overall satisfaction or pleasure a consumer receives from consuming a particular quantity of goods and services.

Slice of Pie

Often used metaphorically to represent a portion or share of something, such as profit or resources.

Marginal Utility

The additional satisfaction or utility received by a consumer from consuming one more unit of a good or service.

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A popular dish made typically from cooked macaroni pasta and a cheese sauce, often with added ingredients such as breadcrumbs or meat.