Solve Using the Multiplication Principle $$32 = 4 x$$ A) $\frac { 1 } { 8 }$

question 174

Multiple Choice

Solve using the multiplication principle.
- $$32 = 4 x$$

• A) \(\frac { 1 } { 8 }\)
• B) 128
• C) 8
• D) 28

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Definitions:

Marginal-Utility Schedules

Charts or tables showing the relationship between the quantity of a good consumed and the marginal utility or satisfaction received from consuming each additional unit.

Maximum Utility

The highest level of satisfaction or benefit that a consumer can obtain from consuming goods and services, given their income and prices of goods.

Satisfaction Per Dollar

A measure of the utility or happiness a consumer gains per unit of expenditure.

MUₐ /Pₐ

The ratio of marginal utility (MUₐ) to the price (Pₐ) of an item, often used in consumer choice theory to evaluate optimal consumption.