Table 63 -Refer to Table 6

question 30

Multiple Choice

Table 6.3
$$\begin{array} { | c | c | c | } \hline \text { Scones } & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 10 & - \\\hline 2 & 18 & - \\\hline 3 & 24 & 6 \\\hline 4 & 28 & - \\\hline 5 & 30 & 2 \\\hline\end{array}$$
-Refer to Table 6.3,which shows the total utility and marginal utility derived from the consumption of scones.The first column of the table represents the number of scones a consumer consumes in a day.The second column of the table presents the total utility derived from that consumption,and the third column shows the marginal utility of each additional scone.The total utility derived from the consumption of one scone is _____ units.

• A)2
• B)4
• C)6
• D)8
• E)10

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Definitions:

AASB 136

The Australian Accounting Standards Board standard that deals with impairment of assets, requiring assets to be carried at no more than their recoverable amount.

Value In Use

The present value of the future cash flows expected to be derived from an asset, used in impairment testing.

Present Value

The present value of an amount of money or series of cash flows expected in the future, calculated using a particular interest rate.

Future Cash Flows

are the estimated amounts of money expected to be received or paid out by a business over future periods as a result of its operational activities.