The law of diminishing marginal utility implies that marginal utility never becomes negative.

The marginal propensity to consume is the proportion of each new dollar's worth of income that is spent

Indicate whether the statement is true or false

Sammy is willing to lend Oscar $625 today so Oscar can purchase a new set of tires for his pickup truck. Oscar agrees to pay the loan back plus 5% interest in one year. What is the future value of this loan?

A) $595.24 B) $656.25 C) $750.00 D) $812.50