Refer to the Figure Below A)constant

question 93

Multiple Choice

Refer to the figure below. The marginal utility of apples is: $$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Number of Dinners } \\\text { Out Per Week }\end{array} & \begin{array} { c } \text { Total } \\\text { Utility }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Utility }\end{array} \\\hline 1 & 100 & \\\hline 2 & & 75 \\\hline 3 & 235 & \\\hline 4 & 250 & \\\hline\end{array}$$

• A)constant.
• B)first increasing, but decreasing after the fourth apple.
• C)decreasing after the first apple.
• D)constantly increasing.

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Definitions:

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Invest

The process of distributing funds with the aim of earning revenue or gains.

Lump Sum

A single complete payment made at one time, as opposed to a series of payments made over time.

Interest

The cost of borrowing money or the return on investment, calculated as a percentage of the principal amount.