A Note Payable Requires Payment of the Amount Borrowed Plus

question 33

Multiple Choice

A note payable requires payment of the amount borrowed plus:

• A) interest.
• B) tax.
• C) overhead.
• D) dividend.

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Definitions:

MU/P Ratio

The ratio of marginal utility (MU) to price (P), used to determine the optimal consumption point where consumer satisfaction per unit of cost is maximized.

Marginal Utility

The heightened benefit received from using one more unit of a good or service.

Marginal Utility Per Dollar

The additional satisfaction obtained from spending one more dollar on a good or service.