If John's Marginal Benefit Derived from the Consumption of Another

question 114

Multiple Choice

If John's marginal benefit derived from the consumption of another candy bar is greater than the price of the candy bar,

• A) John will not purchase any more candy bars.
• B) John will increase his total satisfaction by purchasing the candy bar.
• C) the opportunity cost of the candy bar is lower than the price.
• D) John will decrease his total utility if he purchases the candy bar.

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Definitions:

Cash Withdrawal

The act of taking money out of a bank account, which decreases the account balance.

Accounts Receivable

Unsettled dues from customers to a business for goods or services that have already been delivered or used.

Fees Earned

Revenue generated from providing services to clients or customers.

Unadjusted Trial Balance

A list of all ledger accounts and their balances at a certain time before any adjustments are made for year-end closing.