If Marginal Utility of Apples Is Diminishing and Is a Positive

question 32

Multiple Choice

If marginal utility of apples is diminishing and is a positive amount, consuming one more apple will cause

• A)total utility to decrease.
• B)a consumer to get no satisfaction from consuming apples.
• C)a consumer's total utility to increase.
• D)a consumer to go beyond her optimal consumption of apples.

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Definitions:

Deferred Expenses

Assets created when purchased in the past before being used to generate revenues; need to be adjusted at the end of the period to reflect the amount of expense incurred by using the assets over time.

Assets

Resources owned or controlled by a business, entity, or individual, which are expected to produce economic value or future benefits.

Total Asset Turnover Ratio

A financial metric that measures the efficiency of a company at using its assets to generate revenue.