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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.
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Question Content AreaSuppose the total utility of your first two glasses of lemonade are and respectively. What is the marginal utility of the second glass of lemonade?
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