Find the missing marginal utility: Quantity 3 8 Total Utility 30 55 67 Marginal Utility 10 5 |12 4 5.6 12

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A: Answer-

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A: Answer-

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Q: 4.2

A: Notw : You have posted multiple questions. As per the Bartleby guidelines, I am supposed to answer o...

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A: Production refers to conversion of raw material into finished goods.  

Q: A firm’s own MAC function = -29Q + 298. Suppose the emission tax is $95/ton/month. a. Draw the...

A: please find the answer below.

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Q: What is keenness to save in economics?

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A:

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Form Utility

The term utility in general refers to the satisfaction earned from usage of a particular product or service. Utility always plays an important role because it influences various important elements like demand & thereby the price of the good or service as well. Though utility is not easy to measure, various types of economic models can be used indirectly. There can be various types of utilities like economic utility, marginal utility, cardinal utility, form utility.