Explain how we would/have used each of these terms in the real world. 1. Marginal cost and Marginal utility

2. Marginal utility and Average total cost

3. Normal profit and Marginal revenue

4. Price taker and Diminishing marginal product

5. Diminishing marginal utility and Diseconomies of scale

6. Average total cost and Price maker

7. Accounting profit and Diminishing marginal utility

8. Total revenue and Average variable cost

9. Variable cost and total cost

10. Diseconomies of scale and fixed cost