Which of the Following Is Likely to Occur as the Result

question 184

Multiple Choice

Which of the following is likely to occur as the result of the law of diminishing marginal utility?

• A)Petra's utility from her second apple was less than her satisfaction from her first orange.
• B)Hudson enjoyed his second slice of pizza more than his first.
• C)Sabine's utility from her first granola bar is greater than Rachel's utility from her second granola bar.
• D)Wesley enjoyed his second bottle of iced tea less than his first bottle, other things constant.

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Definitions:

Mortgage Payable

A liability account on the balance sheet representing the amount owed by a company or individual for the property's mortgage.

Asset

Resources owned or controlled by a business that are expected to provide future economic benefits, including tangible and intangible items.

Liability

An economic obligation or debt owed by a company to others, typically other businesses or employees.

Contra-Asset

An account on a company's balance sheet that reduces the total value of assets, often used for accumulated depreciation or allowances for bad debts.