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Home / Assignment Help / If the price of product X rises, then the resulting decline in the amount purchased will A) necessarily increase the consumer’s total utility from his total purchases. B) reduce the marginal utility of the last unit consumed of this good. C) increase the marginal utility of the last unit consumed of this good. D) increase the total utility from purchases of this good

# If the price of product X rises, then the resulting decline in the amount purchased will A) necessarily increase the consumer’s total utility from his total purchases. B) reduce the marginal utility of the last unit consumed of this good. C) increase the marginal utility of the last unit consumed of this good. D) increase the total utility from purchases of this good

During
a 2-for-1 split, investors usually receive an additional share for each one
he/she holds and the value of each share is halved. Before the split, the
investor held 400 shares of xyz common stock whose total value was \$20,000.
This means that each stock was valued at \$50 each. Therefore after the
2-for-1 split this investor now possessed 800 shares, with each share being
valued at \$25 per share. If the investor sold 100 shares for \$10,000 this
means that each share was valued at \$100 in this transaction; a profit of \$75
on each share or (\$75*100) \$7,500 in total. The number of shares this
investor remained with are 700 shares valued at \$25 each. So even if he/she
decided to sell them at market value of \$25 each, this would amount to a
total of \$17,500. If you add \$10,000 to this amount (for the 100 shares sold
at \$100) this comes to a total of \$27,500. This is still a profit considering
that the total value of the 400 shares before was \$20,000