Table: Demand and Utility Schedules for Packs of Scented Candles

question 92

Multiple Choice

Table: Demand and Utility Schedules for packs of scented candles $$\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 8 & 1 & & \\\hline \$ 7 & 2 & & \\\hline \$ 6 & 3 & & \\\hline \$ 5 & 4 & & \\\hline \$ 4 & 5 & & \\\hline\end{array}$$
-If the price were $6 each,her consumer surplus would be

• A)$26.
• B)$18.
• C)$13.
• D)$3.
• E)None of the choices are correct.

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Definitions:

Yield To Maturity

The total return anticipated on a bond if it is held until the maturity date, considering all interest payments and the principal.

Investor

An individual or entity that allocates capital with the expectation of receiving financial returns, often involving equity ownership, debt purchases, or other financial instruments.

Called Bonds

Bonds that have been redeemed before their maturity date by the issuer, usually at a predefined call price.

Outstanding Bond Issues

Bonds that have been issued and are currently in circulation, yet to be repaid by the issuer.