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Patrick Graduated from College Five Years Ago

question 104

Multiple Choice

Patrick graduated from college five years ago.He has set up an emergency fund and has been paying off his student loans.In addition,he participates in the retirement plan offered by his employer.He wants to invest $75 per month in very small companies (capitalization of $300 million or less) .He should purchase _______ stocks.


Definitions:

Marginal Utilities

The supplementary pleasure or value a consumer secures by acquiring one more unit of a product or service.

Total Utility

The total satisfaction or benefit that a consumer receives from consuming a given quantity of goods or services.

Current Consumption

The amount of goods and services consumed by individuals or households in the present period.

Marginal Utility

Additional contentment or usefulness achieved through the use of one more unit of a good or service.

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