Complete Table 19

question 44

Multiple Choice

Complete Table 19.3 below.Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit.
In Table 19.3, what is the marginal utility of the fifth unit of cola?

• A)6.
• B)12.
• C)16.
• D)24.

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Definitions:

Transactions in Goods

Commercial exchanges involving the sale and purchase of physical products, as opposed to services or digital goods.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the laws across the states.

Ex-Ship

A term used in international trade, indicating that the seller is responsible for delivering goods to a designated port of arrival and covering all costs until the goods are offloaded from the ship.

Risk of Loss

A legal term referring to who bears the financial burden if goods are damaged or lost during a transaction or shipment.