David just finished compiling his firm’s retained earnings statement for the month ended may 31. what should he do with the figure he calculates at the bottom of this statement? a : he should include this amount in his calculation of revenues on the firm’s income statement. b : he should include this amount in his calculation of assets on the firm’s balance sheet. c : he should include this amount in his calculation of expenses on the firm’s income statement. d : he should include this amount in his calculation of stockholders’ equity on the firm’s balance sheet.

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.