Marginal Benefit from a Good or Service Is the Benefit

question 85

Multiple Choice

Marginal benefit from a good or service is the benefit received from consuming ________.It is measured by the most that people are willing to pay for ________.

• A)goods that you prefer;an additional unit of it
• B)goods that you prefer;more of it
• C)one more unit of it;an additional unit of it
• D)one more unit of it;more of it
• E)as much as is available;the total amount consumed

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Definitions:

Sick Pay

Compensation paid by employers to employees during periods when they are unable to work due to illness.

Cumulative Preferred Stock

Cumulative preferred stock is a type of preferred stock that accumulates dividends in case of non-payment in any period, requiring these dividends to be paid out before any dividends to common stockholders.

Dividend Payable

A liability recorded when a company declares dividends to be paid to shareholders, representing the amount owed until the dividends are distributed.

Current Liability

Liabilities due within a short period, usually one year, that are to be paid with current assets.