Answer the Question on the Basis of the Following Marginal

question 179

Multiple Choice

Answer the question on the basis of the following marginal utility data for products X and Y. Assume that the prices of X and Y are $4 and $2, respectively, and that the consumer's income is $18. What level of total utility will the utility-maximizing consumer realize?

• A)96 utils
• B)108 utils
• C)72 utils
• D)142 utils

Distinguish between different skills shortage scenarios and their implications on organizations and nations.

Comprehend the role of technology in facilitating new forms of money transfer and its impact on financial inclusion.

Understand the proliferation of research and development (R&D) globally and how it is influenced by economic and policy factors.

Understand the process and importance of adjusting entries in accounting.

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Definitions:

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily living.

Undersupply

A condition where the available quantity of a particular good or resource is less than the demand for it.

All-or-None Response

A principle stating that the strength of a response of a nerve or muscle fiber is not dependent on the strength of the stimulus.

Excitatory Signals

Electrical or chemical signals that increase the likelihood of a neuron firing, promoting neural activity.