Refer to the Following Table to Answer the Following Questions

question 146

Multiple Choice

Refer to the following table to answer the following questions:

-The marginal utility of the eighth unit is

• A) -30 utils.
• B) 30 utils.
• C) 50 utils.
• D) 20 utils.
• E) 0 utils.

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Definitions:

Standards

Established requirements, specifications, or guidelines designed to ensure products, services, and processes are consistent and meet predetermined quality levels.

Weeks Of Supply

A measure of inventory management that indicates how many weeks' worth of inventory is on hand, based on current sales rates.

Inventory

The total quantity of goods or materials held by a business for the purpose of sale or production.