Adrian's Total Utilities of Two Consumption Bundles Are 50 and 100

question 67

Multiple Choice

Adrian's total utilities of two consumption bundles are 50 and 100. This implies that

• A)Adrian prefers the first bundle.
• B)Adrian prefers the second bundle.
• C)Adrian likes the second bundle twice as much.
• D)Adrian likes the first bundle twice as much.

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Definitions:

Cash Distribution

The payment of cash to shareholders or partners as part of the profits or surplus.

Self-employment Income

Income derived from running a business as a sole proprietor, independent contractor, or freelancer, as opposed to earning a salary or wages from an employer.

Section 179 Expense

A section of the IRS tax code allowing businesses to deduct the full purchase price of qualifying equipment and/or software within a tax year.

Separately Stated

Items on a tax return or financial statement that are listed individually to ensure proper treatment under tax laws or accounting rules.