If Finding the Last Stamp to Complete Your Collection Makes

question 39

Multiple Choice

If finding the last stamp to complete your collection makes you happier than finding the first, then:

• A) marginal utility is zero.
• B) marginal utility is negative.
• C) total utility is decreasing.
• D) marginal utility is not diminishing.

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Definitions:

CPA

Certified Public Accountant; a professional designation for accountants who have passed a licensing examination in accounting.

Obvious Error

A mistake made during a transaction or contractual agreement that is clear and undeniable to all parties involved.

Third Party Beneficiary

An individual or entity that is not a direct party to a contract but stands to benefit from its execution or enforcement.

Certification

The process of verifying the authenticity, quality, or qualifications of something or someone through a formal statement or document.