Refer to the Following Table to Answer the Following Questions

question 110

Multiple Choice

Refer to the following table to answer the following questions:

-If the price of attending a soccer game changes from $25 to $20,the marginal utility per dollar spent for the fifth game changes from

• A) 2.50 to 2.00.
• B) 3.00 to 3.75
• C) 3.75 to 3.00.
• D) 2.00 to 2.50.
• E) 20 to 25.

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Definitions:

Short-swing Profits

Profits earned by corporate insiders from the purchase and sale, or sale and purchase, of company stock within a six-month period, which are subject to recovery by the corporation under specific regulations.

Tippees

Individuals who receive confidential information about a company and use it for stock trading, often illegally.

Corporate Insiders

Individuals within an organization, such as directors, officers, or major shareholders, who have access to private information about the company.

Sarbanes-Oxley Act

A U.S. federal law established to protect investors from fraudulent financial reporting by corporations.