What role does play in the economic model of consumer behavior? when modeling consumer behavior, utility
a. reflects the satisfactionsatisfaction a consumer receives from consuming a particular set of goods and services.
b. identifies the consumer who receives the most satisfaction from consuming a particular set of goods and services.
c. identifies the combination of goods and services that is leastleast expensive.
d. provides an objective measure of enjoymentenjoyment from consuming a particular set of goods and services in units called "utils."
e. identifies the combination of goods and services that can be produced most efficiently.

The correct answer is option A.

Explanation:

In the theory of consumer behavior, the term utility is used to define the level of satisfaction derived by a consumer from the consumption of a good or service.

There are two methods to present utility.

The method of cardinal utility measures utility in the quantitative term where its units are called utils. The ordinal utility expresses utility in relative terms as high and low.

Blue Spruce Corp statement of cash flows for the year end December 31,2020

Cash flow from Operating Activities

Net income                                                                         177,300

Adjustments for Non-Cash items :

Depreciation expense (30,600 + 11,500)                           42,100

Loss on disposal of plant assets                                          7,500

Adjustments for Changes in Working Capital items :

Increase in Accounts Receivable                                      (57,100)

Increase in Inventory                                                          (10,200)

Increase in Prepaid Expenses                                             (3,700)

Increase in Accounts Payable                                            44,600

Decrease in Accrued Expense Payable                               (500)

Cash generated from Operations                                    200,000

Income tax expense paid                                                  (26,400)

Interest expense paid                                                          (4,800)

Cash flow from Operating Activities                                 168,800

Cash flow from Investing Activities

Purchase of Equipment                                                     (80,200)

Proceeds from Sale of Equipment                                      12,700

Increase in Investments                                                    (26,000)

Cash flow from Investing Activities                                  (93,500)

Cash flow from Financing Activities

Increase in Common Stock                                               45,500

Repayment of Bonds                                                         (31,800)

Dividends Paid                                                                   (31,900)

Cash flow from Financing Activities                                 (18,200)

Movement during the year                                                70,600

Cash and Cash Equivalents at Beginning of the year      47,700

Cash and Cash Equivalents at End of the year                118,300

Explanation:

Cash flow Statement is Prepared under the Following Headings :