Find N(A) for the Set

question 3

Multiple Choice

Find n(A) for the set.
-A = {x | x is a number on a clock face}

• A) n(A) = 12
• B) n(A) = 3
• C) n(A) = 24
• D) n(A) = 6

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Definitions:

Marginal Utility

Marginal utility represents the additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.

Total Utility

The sum satisfaction or benefit that a consumer receives from consuming a particular quantity of goods or services.

Consumer Surplus

The variance between the aggregate sum consumers are prepared and able to spend on a good or service versus what they truly pay.

Consumer Surplus

The divergence between the full amount consumers intend and are able to allocate for a good or service, and the amount they really pay.