A Single Trust May Have Only One Beneficiary

question 3

True/False

A single trust may have only one beneficiary.

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Definitions:

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.

Utility Schedule

A table showing different quantities of a good and the utility or satisfaction derived from each quantity, used to analyze consumer preferences.

Marginal Utility

Additional enjoyment or value experienced from consuming an extra unit of a good or service.

Marginal Utility

The extra pleasure or benefit a consumer receives from purchasing an additional unit of a product or service.