Suppose That Usher Derives 45 Utils of Total Utility from Eating

question 240

Multiple Choice

Suppose that Usher derives 45 utils of total utility from eating 6 hotdogs and 55 utils of total utility from eating 7 hotdogs. What is Usher's marginal utility from eating the 7th hotdog?

• A) 10
• B) 45
• C) 55
• D) 100

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Definitions:

AASB 101

An accounting standard issued by the Australian Accounting Standards Board that outlines the presentation of financial statements, ensuring relevance, reliability, comparability, and understandability.

Line Items

These refer to individual financial transactions or components listed in a financial statement or report.

Equity Changes

Alterations in a company's equity due to transactions with owners, profits or losses, and other comprehensive income.

Dividends Paid

The portion of corporate earnings distributed to shareholders, usually in the form of cash or additional stock.