-The Table Above Gives Jane's Total Utility from Magazines and CDs

question 13

Multiple Choice

-The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. Which of the following CORRECTLY illustrates the principle of diminishing marginal utility? The fact that

• A) the sixth magazine has less marginal utility than the sixth CD.
• B) Jane's marginal utility per dollar from the second magazine is the same as her marginal utility per dollar from the third CD.
• C) the marginal utility per dollar from the sixth magazine is less than the total utility from six magazines.
• D) the marginal utility of the third CD is less than the marginal utility of second CD.

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Definitions:

Dividends

A portion of a company’s earnings distributed to shareholders, usually in the form of cash or additional shares.

Media Globalization

The worldwide integration and exchange of media content and communication technologies, fostering global connectivity and cultural exchange.

Indigenous Cultures

The customs, social practices, and ways of life of native peoples who have traditional ties to particular territories.

Media Conglomerates

Large corporations that own a variety of media companies across different types of media outlets.