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Suppose that your friend loves chocolate chip cookies. Eating a second chocolate chip cookie doesn't bring them as much satisfaction as eating the first cookie.

Suppose that your friend loves chocolate chip cookies. Eating a second chocolate chip cookie doesn't bring them as much satisfaction as eating the first cookie. This change in satisfaction is known as marginal utility.
True
False
Question Content AreaSuppose the total utility of your first two glasses of lemonade are 20 and 30, respectively. What is the marginal utility of the second glass of lemonade?
10
20
1.5
30

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