(Figure: Total Utility and Marginal Utility 2) in the Above

question 82

Multiple Choice

(Figure: Total Utility and Marginal Utility 2) In the above figure, what is the marginal utility of the third unit?

• A) 40
• B) 45
• C) 50
• D) 90

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Definitions:

Offset Account

A bank account that reduces the amount of interest payable on a loan by the amount held in the account.

Short-Term Investments

Investments that can easily be converted into cash, typically within a year.

Balance Sheet

This document outlines the resources, debts, and equity of the investors of a business on a certain date.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.