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Which of the Following Accounts Would Most Likely NOT Need

question 60

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Which of the following accounts would most likely NOT need to be adjusted at the end of the year?


Definitions:

Marginal Utility

The boost in satisfaction from the consumption of an additional item of a good or service.

Total Utility

The overall satisfaction or pleasure a consumer derives from consuming a certain quantity of goods or services.

Marginal Utility

The extra fulfillment or advantage a person gains by consuming an additional unit of a product or service.

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