The Table Below Shows That,in One Day,Claire Can Complete Either

question 31

Multiple Choice

The table below shows that,in one day,Claire can complete either 3 chemistry or 2 biology lab reports,while Sam can complete either 4 chemistry or 3 biology lab reports. $$\begin{array} { | l | c | l | } \hline & \text { Chemistry Lab Reports } & \text { Biology Lab Rep orts } \\\hline \text { Claire } & 3 & 2 \\\hline \text { Sam } & 4 & 3 \\\hline\end{array}$$ TABLE 1- 2
-Which of the following results from the introduction of money for use in transactions?

• A)an increased use of barter
• B)society is able to satisfy all wants
• C)exchange becomes easier and this promotes the specialization of labour
• D)self- sufficiency is assured
• E)the specialization of labour becomes more difficult

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Definitions:

Total Utility

The total satisfaction or benefit obtained from consuming a given quantity of goods or services.

Marginal Utility

The added satisfaction or utility that a consumer derives from consuming an additional unit of a good or service.

Total Utility

This term refers to the total satisfaction received by consuming a certain amount of goods or services.

Milk Shakes

Although commonly a beverage, if not directly relevant to economics or provided as a specific economic term, the answer is NO.