Marginal Utility Is Calculated as

question 435

Multiple Choice

Marginal utility is calculated as

• A) total utility/number of units consumed.
• B) change in total utility/number of units consumed.
• C) change in total utility/change in number of units consumed.
• D) total utility/change in number of units consumed.

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Definitions:

Remains Liable

Continues to be legally responsible or obligated.

Debt

An amount of money that is owed or due to be paid, typically as a result of borrowing or a financial agreement.

Minutes

The official written records of the discussions and decisions made during formal meetings.

Board Of Directors

The Board of Directors is a group of individuals elected to represent shareholders and oversee the management and major decisions of a corporation.