Regretting a Last Unit of Consumption of Cake Implies That

question 165

Multiple Choice

Regretting a last unit of consumption of cake implies that

• A) the total utility from eating cake was negative.
• B) cake is an inferior good.
• C) the marginal utility of the last unit of cake consumed was negative.
• D) the demand curve for cake is horizontal.

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, thus holding an ownership stake.

Dividends in Arrears

Dividends on cumulative preferred stock that have not been paid in the period they were due, accumulating until paid by the corporation.

Book Value

Book value is the value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus any depreciation, amortization, or impairment costs.

Common Share

Common share represents equity ownership in a corporation, giving shareholders voting rights and a portion of the profits through dividends.