Milkshakes Sodas
-The table above shows Tom's total utility from milkshakes and sodas. What is the marginal utility of the eighth soda?
Definitions:
Principals
The original amount of money invested or loaned, not including interest or earnings.
Net Proceeds
The amount sent to the consignor as a result of consignment sales; gross proceeds minus charges.
Commission
A fee or percentage given to a salesperson, agent, or broker for facilitating or completing a sale or transaction.
Consignment
Goods from a producer to a commission merchant for sale at the best possible price.
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