If Sarah Gets 40 Units of Utility from Her First

question 250

Multiple Choice

If Sarah gets 40 units of utility from her first piece of toast for breakfast and a total of 70 units from two pieces of toast,then the marginal utility of the first piece is ________ units and the marginal utility of the second piece is ________ units.

• A) 40; 70
• B) 40; 110
• C) 40; 30
• D) 40; 35
• E) 70; 40

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Definitions:

Note Receivable

A written promise to pay a specified amount of money, along with interest, by a certain date, recognized as an asset on the balance sheet.

Fiscal Year

A one-year period that companies and governments use for accounting purposes and preparation of financial statements, which may or may not align with the calendar year.

Calendar Year

A one-year period that begins on January 1 and ends on December 31, used as a financial and administrative period for many purposes.