Referring to the Following Table, What Is the Net Income

question 70

Multiple Choice

Referring to the following table, what is the Net income?

• A)$35,000
• B)$45,000
• C)$60,000
• D)$180,000

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Definitions:

Diminishing Marginal Utility

The principle that as more of a good or service is consumed, the additional satisfaction or utility gained from consuming an additional unit decreases.

Sodas

Carbonated beverages, often sweetened and flavored, forming part of the non-alcoholic drinks market.

Marginal Utility

The additional satisfaction or utility that a person receives from consuming one more unit of a good or service.

Marginal Utility

The additional satisfaction or utility gained from consuming one more unit of a good or service.