-The Table Above Gives Cathy's Total Utility from Mt

question 229

Multiple Choice

-The table above gives Cathy's total utility from Mt. Dew. If the price of a Mt. Dew is $1.50, Cathy's marginal utility per dollar from the 4th Mt. Dew is ________ units per dollar.

• A) 15
• B) 10
• C) 82.5
• D) 22.5

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Definitions:

Quick Ratio

A liquidity ratio that measures a company's ability to meet its short-term obligations with its most liquid assets excluding inventories.

Operating Cash Flows

The amount of cash generated by a company's normal business operations.

Fixed Assets

Durable physical assets employed in a company's operations, which are not anticipated to be turned into cash quickly.

Net Cash

The amount of cash available after all cash inflows and outflows have been accounted for over a specific period.