Table 63 -Refer to Table 6

question 176

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 three scones is _____ units.

• A)34
• B)6
• C)22
• D)12
• E)24

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Definitions:

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, representing the asset's wear and tear, deterioration, or obsolescence.

Prepaid Insurance

An asset account that represents the amount of insurance premiums that have been paid in advance and that has not yet expired as of the balance sheet date.

Factory Overhead Applied

The allocation of estimated factory overhead costs to individual units of production.

Depreciation Expenses

The systematic allocation of the depreciable amount of an asset over its useful life to account for wear and tear, obsolescence, or decay.