The Following Table Shows Mia's $ Marginal Utility for Litres

question 120

Multiple Choice

The following table shows Mia's $ marginal utility for litres of soya milk:

-If the price of soya milk is $8 per litre,what is the maximum number of litres that Mia will buy?

• A)0.
• B)1.
• C)2.
• D)3.
• E)7.

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Definitions:

General Ledger

A complete record of all financial transactions over the life of a company, serving as a primary tool for financial reporting.

General Ledger

The primary accounting record of a company or organization in which all transactions are recorded, including assets, liabilities, equity, revenue, and expenses.

Original Entry

The initial recording of a financial transaction in the accounting records or journal.