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Problem Set #2: Consumer Behavior Theory Part I- Use the table below as a basis for your responses. 1. Fill in the table below. 2-

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Problem Set #2: Consumer Behavior Theory Part I- Use the table below as a basis for your responses. 1. Fill in the table below. 2- Based on the table, how many hours should the student spend studying per day? 3- Is a vehow study session a good idea? Briey explain your answer using marginal utility and total utility analyses. Quantity {hours of studying] Total Utility Marginal Utility [I a. 1 l 10 ll 2 165 b. 3 e. 2D 4 d. [i 5 1?? e. Part I Table

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