You are an investment adviser representative (iar) at a state-registered investment adviser. under the uniform securities act, you must be registered if you do not currently have a place of business in the state, and if your clientele includes which of the following?
[a] the business of another investment adviser (ia)
[b] the business of a mutual fund
[c] the business of an employee benefit plan
[d] the business of an accredited investor.

[D] The business of an accredited investor.

Explanation:

Business entities such as investment adviser, mutual fund, and other Investment companies are generally parts of the exemptions from what is widely known as Investment Adviser. Therefore, registration is typically not needed for these types of investments. Thus, the correct option is D. An accredited investor must register.

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.