The Below Table Shows the Average Utility (In Utils) Obtained

question 69

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3

-Refer to Table 7.3. The total utility of the third unit of A is _____ utils.

• A)15
• B)12
• C)21
• D)20

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Definitions:

Interest Rate

The percentage charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.

Present Value

The present value of a future amount of money or a series of cash flows, calculated using a predetermined rate of return.

$1

Symbolizes a unit of currency, typically referring to one dollar in jurisdictions using dollar-denominated currencies.

Future Value

The estimated future worth of a current asset on a given date, projected by assuming a specific growth rate over a period.