John Likes to Eat Apples, Oranges, and Pears

question 33

Multiple Choice

John likes to eat apples, oranges, and pears. If John increases his consumption of oranges, ceteris paribus, marginal utility theory tell us that John's marginal utility of

• A)oranges decreases.
• B)apples decreases.
• C)pears decreases.
• D)oranges remains constant.
• E)oranges, apples, and pears all decrease.

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Definitions:

Plant Assets

These are long-term tangible assets that are used in the production of goods and services and are expected to provide benefits for more than one year.

Income Statement

A financial statement that reports a company's financial performance over a specific period, displaying revenue, expenses, and net income.

Additions and Improvements

Capital expenditures made to increase the value of existing assets, often leading to a longer useful life or increased functionality.

Operating Efficiency

A measure of a company's ability to minimize costs and maximize output during its operations.