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

Differentiate between laws, ethics, and social norms, and understand their roles in governing personal and professional conduct.

Analyze the effects of moral development levels on decision-making and behavior in business settings.

Evaluate the impact of corporate actions and policies on preventing workplace harassment and promoting a respectful work environment.

Grasp the ethical considerations in sales, such as misrepresentation, sales puffery, and price discrimination, and their legal implications.

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Definitions:

Marginal Product

The extra output or benefit received from using one additional unit of a resource.

Factor X

A term used to denote an unknown or unspecified factor in various contexts, such as productivity, growth, or other economic models.

Perfect Substitutes

Goods that can be completely replaced by another with no loss of utility to the consumer.

Inputs

The resources such as labor, materials, and capital, that are used in the production process to produce goods and services.