The Marginal Benefit Colin Gets from Eating a Fourth Slice

question 225

Multiple Choice

The marginal benefit Colin gets from eating a fourth slice of pizza is

• A) the total benefit Colin gets from eating four slices of pizza minus the total benefit Colin gets from eating three slices of pizza.
• B) the same as the total benefit of eating four slices of pizza.
• C) less than the marginal cost of eating the fourth slice of pizza since he chose to eat the fourth slice.
• D) the total benefit Colin gets from eating five slices of pizza minus the total benefit Colin gets from eating four slices of pizza.

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Definitions:

Current Ratio

A financial metric indicating how well a company can fulfill its immediate liabilities, using the formula of dividing its current assets by its current liabilities, specifically for debts due within one year.

Account Balances

The amounts of money present in an account at a particular moment, reflecting all transactions.

Long-term Notes Payable

Loans or credit lines that are to be repaid over a period longer than one year.

Cash

Liquid assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts).