The law of diminishing marginal utility is best shown by which of the following examples? i. mary is happier after buying her fifth pair of shoes than she was after only four pairs. ii. fat albert gets sick after eating too many twinkies™. iii. big bill loves cheeseburgers but finds that the third burger did less to increase his happiness than the second burger did.

On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share