Correct Answer: C. five

Correct Answer: C. Ekiti

Correct Answer: D. Adeola should not go to the farm today.

Correct Answer: B. The Pharisees

Correct Answer: D. Judicial Committee of the Privy Council

Correct Answer: B. four

Correct Answer: C) change in total utility that results from a one unit change in the quantity of a good consumes

Explanation

This question is about Marginal Utility, which is a term used in Economics to describe the change in total satisfaction or usefulness that a consumer experiences from consuming one additional unit of a product. The question asks you to choose the correct definition of Marginal Utility from the given options.

Option A defines Marginal Utility as the pleasure or satisfaction a consumer gets from consuming a particular quantity of a good. While this definition is related to Marginal Utility, it is not the correct one.

Option B defines Marginal Utility as the average utility per unit consumed. This definition is also not correct.

Option C is the correct definition of Marginal Utility. It states that Marginal Utility is the change in total utility that results from consuming one additional unit of a product. In other words, it is the additional satisfaction or usefulness that a consumer gets from consuming one more unit of a product.

Option D defines Marginal Utility as the quantity of goods that a consumer prefers. This definition is not correct.

Understanding Marginal Utility is important in Economics as it helps to explain the behavior of consumers. It shows that as a consumer consumes more units of a product, the additional satisfaction or usefulness they get from each additional unit decreases. This is called the Law of Diminishing Marginal Utility.

In summary, the correct definition of Marginal Utility is option C, which states that Marginal Utility is the change in total utility that results from a one unit change in the quantity of a good consumed.

Correct Answer: D. andropogon

Correct Answer: C. E = C + I + G + X – M

Correct Answer: C. storage

Explanation

The last cycle of data processing where data and information are preserved for future use is called 'storage'. This is the phase where data or information is saved either temporarily or permanently for future use. The 'output' is the result of data processing but not necessarily preserved for future use. 'Processing' is the action of manipulating data. 'Record' is a piece of stored information.