Table 64 -Refer to Table 6

question 70

Multiple Choice

Table 6.4
$$\begin{array} { | c | c | } \hline \text { Chocolate Bars } & \text { Total Utility } \\\hline 1 & 10 \\\hline 2 & 25 \\\hline 3 & \\\hline 4 & 60 \\\hline 5 & 70 \\\hline\end{array}$$
-Refer to Table 6.4,which shows a utility schedule for a consumer's consumption of chocolate bars.The marginal utility of the second chocolate bar is _____ units.

• A)2
• B)70
• C)45
• D)15
• E)10

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Definitions:

Innocent Misrepresentation

A false statement made without knowledge of its falsehood, leading another to enter into a contract under mistaken beliefs, without intent to deceive.

Unilateral Mistake

An error made by one party in a contract, which may not automatically void the contract unless certain criteria are met.

Material Term

An essential clause or provision in a contract that significantly affects the rights and obligations of the parties involved.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly with the intent to deceive and induce another to part with something of value or to surrender a legal right.