Which of the Following Is Not True About Utility

question 106

Multiple Choice

Which of the following is not true about utility?

• A) Utility varies from individual to individual.
• B) Marginal utility tends to decline, the more of a good or service is consumed.
• C) When marginal utility is at its maximum, total utility is zero.
• D) All of the above are true about utility.

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Definitions:

Dividends Account

An account used to record the distribution of earnings to shareholders, often in the form of cash or additional shares.

Trial Balance

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Loan Requests

Loan requests involve applying for a specified amount of money from a lender, which the borrower agrees to repay with interest over a predetermined period.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity, presented in a structured manner.