(Figure: Utility Table A) Price = $3
in the Table

question 34

Multiple Choice

(Figure: Utility Table A) Price = $3
In the table, what is the marginal utility per dollar for three units?
$\begin{array}{|l|l|l|}\hline \text { Q }&\text { TU } & \text { MU } \\\hline 1 & 108 & ? \\\hline 2 & 180 & ? \\\hline 3 & 228 & 48 \\\hline 4 & 264 & 36 \\\hline 5 & 288 & 24 \\\hline\end{array}$

• A) 16
• B) 24
• C) 180
• D) 276

Understand the concept of the adult life cycle and its significance in personal development.

Identify and describe significant life events that occur within the adult life cycle.

Comprehend the concept of inflation and its impact on the economy.

Learn and apply the Rule of 72 to understand the relationship between inflation rate and the doubling of prices.

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Definitions:

Preference Decisions

Choices made between alternatives based on preferences for certain criteria or outcomes.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Future Dollar

A term referring to the value of a dollar at a specific point in the future, accounting for factors like inflation.

Taxable Income

The amount of income that is subject to taxes, calculated by subtracting allowable deductions from gross income.