Table 63 -Refer to Table 6

question 20

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 marginal utility of the first scone is _____ units.

• A)0
• B)2
• C)8
• D)9
• E)10

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Definitions:

Pledge

The transfer of collateral to a secured party.

Collateral

Assets pledged by a borrower to secure a loan or credit, which the lender can seize if the borrower defaults on the repayment.

Perfection

In legal and financial contexts, the process of securing an interest in property to achieve priority over third parties in relation to the property.

Secured Interest

A property interest created by agreement or by law over assets to secure the performance of an obligation, usually the payment of a debt.