A Good "Rule of Thumb" When Deciding How Much Ready-To-Cook

question 14

Multiple Choice

A good "rule of thumb" when deciding how much ready-to-cook poultry to purchase is

• A) one-fourth pound per serving.
• B) one-half pound per serving.
• C) two-thirds pound per serving.
• D) three-fourths pound per serving.

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Definitions:

Total Utility

The total satisfaction a consumer receives from consuming a particular quantity of a good or service.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can purchase with a given budget at specific prices.

Purchase More

The action of buying an increased quantity of goods or services than previously acquired.

Marginal Utility

The additional contentment a customer derives by consuming one more unit of a product or service.