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An Individual Gets 5 Units of Utility from One Slice

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Essay

An individual gets 5 units of utility from one slice of pizza and 9 units of utility from two slices of pizza.The principle of diminishing marginal utility implies that the total utility from three slices of pizza will be:
A.exactly 12 units of utility.
B.less than 13 units of utility.
C.less than 9 units of utility.
D.more than 14 units of utility.


Definitions:

Standard Deviation

A statistical measure that indicates the extent of deviation or dispersion of a set of values from their mean.

Beta

A measure of a stock's volatility in relation to the overall market.

Sharpe Measure

A formula used to calculate the adjusted return of an investment by considering its risk, allowing for comparison against risk-free assets.

Standard Deviation

A measure of the dispersion of a set of data from its mean, indicating how much variation exists from the average.

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