The Following Table Shows the Total Benefit That Jenny Derives

question 3

Multiple Choice

The following table shows the total benefit that Jenny derives from consuming different quantities of chocolate.

-Refer to the table above.If the price of one chocolate is $2,the marginal benefit per dollar spent on the fourth unit of chocolate will equal ________.

• A) $4
• B) $2
• C) $2.5
• D) $5

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Definitions:

Natural Justice

The principle that ensures fair treatment in legal and administrative decisions, including the right to a fair hearing and the rule against bias.

Successful Negotiation

The process of reaching a mutually beneficial agreement through discussion and compromise.

Business Relationship

A connection between two or more parties engaged in commercial transactions or activities.

Negotiation

The process of discussing and arriving at a mutual agreement between parties with the intent to reach a settlement or resolve differences.