Table 3-1 Shows the Total Utility from the Consumption of Various

question 77

Multiple Choice

Table 3-1 shows the total utility from the consumption of various units of avocadoes.
Table 3-1 $$\begin{array} { | c | c | } \hline \text { Units of avocadoes } & \text { Total utility } \\\hline 1 & 5 \\\hline 2 & 10 \\\hline 3 & 15 \\\hline 4 & 14 \\\hline 5 & 9 \\\hline\end{array}$$
-Refer to Table 3-1.Diminishing marginal utility sets in from the _____ avocado.

• A)third
• B)first
• C)fifth
• D)fourth

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Definitions:

Financial Statements

Reports that summarize the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.

Public Utility Holding Company Act

A law enacted in 1935 to regulate the electric utility companies by restricting their operations and ensuring they operate within their designated jurisdictions.

Trust Indenture Act

A federal law in the United States that imposes regulations on the issuance of certain securities, including requiring a formal agreement between bond issuers and trustees.

Investment Company Act

A federal law regulating the organization and activities of investment companies, primarily to protect investors from conflicts of interest and other abuses.