Refer to the Information Provided in Table 6 -Refer to Table 6

question 31

Multiple Choice

Refer to the information provided in Table 6.3 below to answer the question(s) that follow.
Table 6.3
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Dozens of Oysters } \\\text { per Day }\end{array} & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 60 & \\\hline 2 & 104 & \\\hline 3 & 134 & \\\hline 4 & 152 & 8 \\\hline 5 & & \\\hline \begin{array} { c } \text { Number of } \\\text { Beersper Day }\end{array} & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 40 & \\\hline 2 & 70 & \\\hline 3 & 94 & \\\hline 4 & 114 & \\\hline 5 & & 14 \\\hline\end{array}$$
-Refer to Table 6.3. The total utility of five beers per day is

• A) 70.
• B) 128.
• C) 184.
• D) indeterminate from this information.

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Definitions:

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to present value.

Present Obligation

A duty or responsibility that is expected to be settled in the future, recognized as a liability.

Past Event

An event or transaction that has occurred prior to the balance sheet date, impacting the financial position or performance of an entity.