A corporation has 4 comma 000 shares, 10% preferred stock of $ 60.00 par preferred stock, and 8 comma 000 shares of common stock outstanding. The net income for the year is $ 280 comma 000 . Calculate earnings per share. (Round your answer to the nearest cent.)

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.