-In the Figure Above, the Curve That Shows the Diminishing

question 324

Multiple Choice

-In the figure above, the curve that shows the diminishing marginal utility is

• A) total utility curve A because it gets steeper as consumption of tomatoes increases.
• B) total utility curve A because it is higher than total utility curves B or C.
• C) total utility curve C because it gets flatter as consumption of tomatoes increases.
• D) total utility curve C because it is lower than total utility curves B and C.

---

Definitions:

Credit Terms

Credit terms are the payments conditions set by sellers for goods and services, including the period provided to the buyer to settle the owed amount.

Cash Conversion Cycle

A metric that shows the time span between a company's outlay of cash for raw materials and receiving payment from its customers, effectively measuring the time each net input dollar is tied up in the production and sales process.

Long-term Capital

Funds or assets held by a company for more than one year, used for financing long-term projects or investments.

Operating Working Capital

The difference between a company's current assets and current liabilities, excluding short-term debt. It reflects the funds that a business requires for day-to-day operations.