A Gift-Giver's Efficient Number of Gifts (To Give to a Gift-Recipient)has

question 51

Multiple Choice

A gift-giver's efficient number of gifts (to give to a gift-recipient) has fallen from 10 to 8.This could be because

• A) the gift-giver's marginal benefit curve for giving gifts shifted down and left.
• B) the gift-giver's marginal cost curve of giving gifts shifted up and left.
• C) the gift-recipient "fell out" of the gift-giver's utility function.
• D) a and b
• E) none of the above

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Definitions:

Declared

Often refers to the official announcement by a company's board of directors of a dividend or other corporate action.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use.

Original Cost

The initial monetary value of an asset, including the purchase price and any related acquisition costs, but before depreciation or amortization.

Decrease

A reduction or decline in quantity, size, or overall value of an item or entity.