For many years china relied on central planning but is currently moving away from a central market to a free market based economy. this would mean that china’s economy is in a state of transition. select the best answer from the choices provided

t or f

answer; ///(c) i believe its it ignores cash flows following the payback period;

answer; (c) communism and socialism;

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.