The Relationship Between the Marginal Utility That Wendy Gets from Eating

question 175

Multiple Choice

The relationship between the marginal utility that Wendy gets from eating hamburgers and the number of hamburgers she eats per month is as follows:

Wendy receives 3 units of utility from the last dollar spent on each of the other goods she consumes.If hamburgers cost $4 each,how many hamburgers will she consume per month if she maximizes utility?

• A) 2
• B) 3
• C) 4
• D) 5

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Definitions:

Borrow

To borrow means to receive something of value, especially money, from a lender under the agreement to return it, typically with additional interest, at a future date.

Pledges Receivables

Outstanding amounts owed to an organization based on pledges made by donors, often recognized in nonprofit accounting.

Journal Entry

The recording of financial transactions into accounting records, detailing the accounts that are affected and in what way.

Borrow

The act of receiving something of value in exchange for the promise to return it or its equivalent at a later date.