The Maturity Date for a Six-Month Note Issued on January

question 189

Multiple Choice

The maturity date for a six-month note issued on January 15 would be ________.

• A) July 15
• B) July 14
• C) July 16
• D) July 10

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Definitions:

Marginal Utility

The supplementary joy or advantage an individual experiences when acquiring an extra unit of a good or service.

Total Utility

The total satisfaction or benefit that a consumer derives from consuming a certain quantity of a good or service.

Total Utility

The total satisfaction received from consuming a particular quantity of goods and services.

Marginal Utility

The change in satisfaction or utility that an individual gains from consuming an additional unit of a good or service.