Bridget Drinks Three Sodas During a Particular Day

question 98

Multiple Choice

Bridget drinks three sodas during a particular day.The marginal benefit she enjoys from drinking the third soda

• A)can be thought of as the total benefit Bridget enjoys by drinking three sodas minus the total benefit she would have enjoyed by drinking just two sodas.
• B)determines Bridget's willingness to pay for the third soda.
• C)is likely different from the marginal benefit provided to Bridget by the second soda.
• D)All of the above are correct.

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Definitions:

Accounts Payable

Liabilities of a business that are due to creditors within a short period, usually less than a year, for goods, services, or supplies purchased on credit.

Subsidiary Ledger

A ledger that provides detailed information about accounts in the general ledger, typically used for accounts receivable, accounts payable, etc.

Creditors

Individuals or entities to whom money is owed by the business or individual for goods or services that have been delivered or used but not yet paid for.

Special Journal

A specialized accounting journal designed to record a specific type of transaction consistently, such as sales or purchases.