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

question 231

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 marginal utility of the second dozen oysters per day is

• A) 20.
• B) 30.
• C) 44.
• D) 104.

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Definitions:

Market Price

The current financial rate for assets or services set by the open market.

Stock Options

Rights given to employees or investors to purchase a company's stock at a predefined price for a specific period.

Present Value Factor

A multiplier used to determine the present value of a future sum of money or stream of cash flows given a specific discount rate.

Future Value Factor

A factor used in time value of money calculations that determines the future value of a present sum of money or a series of payments, accounting for compounding interest.