Write as a Percent $\frac { 96 } { 40 }$

question 187

Multiple Choice

Write as a percent.
- $\frac { 96 } { 40 }$

• A)24%
• B)240
• C)2400%
• D)240%

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Definitions:

Diminishing Marginal Utility

The principle that the satisfaction or utility gained from consuming each additional unit of a good or service decreases as more of it is consumed over a certain period.

Indifference Curves

Indifference curves are graphs showing different combinations of two goods that provide equal satisfaction and utility to a consumer.

Budget Constraint

The cap on the combinations of goods a consumer is able to purchase, determined by their earnings and the cost of those items.

Utility

A measure of satisfaction or happiness that consumers derive from consuming goods and services.