(Figure)Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000 shares of ?100 par value 8% preferred stock. It is also authorized to issue 750,000 shares of ?1 par value common stock. It has issued only 50,000 of the common shares and none of the preferred shares. In its sixth year, the corporation has the following transactions: Mar. 1
Declares a cash dividend of ?2 per share

Mar. 30
Pays the cash dividend

Jul. 10
Declares a 5% stock dividend when the stock is trading at ?15 per share

Aug. 5
Issues the stock dividend

Journalize these transactions.

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.