1-Which of the following provides a higher marginal utility, a diamond or a pint of water?  A dimond  A point of water They prodive about the same marginal utility

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A: Utility means satisfaction. Utility is the satisfaction derived from the consumption of good.…

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Q: Quantity 1 2 3 4 Muffins Marginal Utility 80 70 O a. 145 utils. O b. 331 utils. O c. 96 utils. O d.…

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A: Total Utility is the sum of utility that is derived by consuming a given good or service.  Marginal…

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A: Marginal utility refers to the additional utility derived from the consumption of an extra unit of…

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A: Utility is refered to be as the satisfaction gained while consuming a good or service.

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A: Marginal utility is the added satisfaction a consumer gets from having one more unit of a good or…

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A: Marginal utility is the additional utility gained from consuming an additional unit of the good.

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A: Here, the marginal utility of X is given 2y/3x and marginal utility of Y is given as 1/y.

Q: 2. For this question, refer to the utility function below: Utility oq

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Q: Refer to the information provided in Figure below to answer the question that follow. Total utility…

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Q: Marginal utility is positive and increasing when: O Total utility is increasing in an increased rate…

A: Total utility (TU) is the amount of satisfaction that is received from the consumption of a good.…