The Table Given Below Records the Total Utility Derived from the Consumption

question 132

Multiple Choice

The table given below records the total utility derived from the consumption of avocados. Table 6.2
According to Table 6.2, the marginal utility of the third avocado is _____.

• A)12
• B)8
• C)48
• D)18

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Definitions:

Double-declining-balance Method

A depreciation approach that speeds up the process by using a rate twice that of the typical straight-line method.

Sales Price

The amount of money charged for a product or service, or the sum a customer pays to purchase something.

Salvage Value

The presumed value for resale of an asset at life’s operational end.

Depreciation

The methodical reduction of the recorded cost of a fixed asset to allocate its expense over its useful life.