Total Utility

question 115

Multiple Choice

Total utility

• A)is the total amount of satisfaction derived from consuming a particular quantity of a good.
• B)remains constant as the number of units consumed increases.
• C)is the change in satisfaction derived from consuming each extra unit of a good.
• D)declines as the number of units consumed increases.

---

Definitions:

Subsidiary Ledger

A detailed ledger that contains specific accounts grouped under a primary account, facilitating more personalized and detailed tracking of financial transactions.

Cash Receipts

Money or cash equivalents received during a period of time including revenues from normal business operations and other activities.

Purchases On Account

The acquisition of goods or services with an agreement to pay for them at a later date, typically through the use of credit.

Accounts Receivable Subsidiary Ledger

A ledger containing detailed information on transactions related to individual customers to whom sales on credit have been made.