-The Table Above Shows Buffy's Utility from Wooden Stakes and Cloves

question 48

Multiple Choice

-The table above shows Buffy's utility from wooden stakes and cloves of garlic.The marginal utility of which clove of garlic is the largest?

• A) the first clove
• B) the second clove
• C) the fifth clove
• D) the third clove
• E) The marginal utility of all cloves is the same.

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Definitions:

Building Uses

Pertains to the designated purposes or activities for which a building is designed, occupied, or intended to be used.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing the additional amount earned by employing resources in their current activity over their next-best alternative.

Total Revenue

The total amount of money received by a company from sales of its goods or services before any expenses are subtracted.

Accounting Profit

The total revenue of a firm minus its explicit costs, reflecting the financial gain calculated using standard accounting principles.