Firm X has a tax rate of 28%. The price of its new preferred stock is $62 and its flotation cost is $4.00. The cost of new preferred stock is 14%. What is the firm's dividend

better off having an absolute

answer; post closing trial balance;

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.