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6. Given the following information for consumption of pizza, compute marginal utility at each consumption level and fill in the blanks. Then answer the two questions below. # of Pizza Marginal Pieces Total Utility Utility 0 0 30 2 58 3 84 104 5 122 6 138 A. Explain what the law of diminishing marginal utility is. B. Does the above example of pizza consumption display the law of diminishing marginal utility? Explain your response. 7. You expect to receive a payment of $600 one year from now. Answer the following questions and show your calculations: A. The discount rate is 6%. What is the present value of the payment to be received? B. Suppose that the discount rate rises to 7%. What is the present value of the payment to be received? C. What will cause the present value of a future payment to decline? N