The question is in the attached picture below. Read the article and then answer the questions in the attached picture.

A ristotio was the first along with supply, helps to person to observe that too determine the equilibrium or YOU ENJOY THE LAST much of a useful thing "natural" price of a chocolate. There are many notable CHOCOLATE LESS would be no use. The idea that the more we consume of a product, exceptions to the law of DMU, such THAN THE FIRST UTILITY AND SATISFACTION the smaller the increases in as finding the last piece of a puzzle, satisfaction we receive has become which is very satisfying. Addictive enshrined in economic theory as goods, such as drugs or aloohol, the law of diminishing marginal also seem to be exceptions-the utility (DMU). Marginal refers to more they are consumed the more changes on the "border," such as they are enjoyed. The principle also Demand is inversely eating one more chocolate. Utility is makes cortain assumptions, such related to price; it incrongos as "consumption should be when the price falls. the "pleasure or pain" in the decision to consume. In his Theory continuous." Eating a whole box of of Political Economy (1871), British chocolates at one time, for instance, is more likely to demonstrate the V oconomist William Jovons showed that utility could be measured in a principle of DMU than eating them way that relates to the quantity of spaced out over a day. This moans that consumers will only buy more of a good the commodity available Positive contributions if the price falls boonusg... Demand curves DMU has important applications, not least in justifying a more equal The concept of DMU became more distribution of income to create important as economists struggled to understand what determines the price of commodities. If everyone greater wolfare for society. If the ... onch extra unit consumed generally agrees that each extra government was to take $1 from a gives less pleasure than the provious ono; for example... chocolate adds less utility, then it very wealthy person and give it to makes sense that we will only a very poor person, the total utility demand extra chocolates if the of society should increase. price falls, because additional Utility theory has been chocolates will give loss pleasure- extended to situations in which so we will only buy them if they individuals have to make decisions ... you enjoy the last cost loss. The resulting demand is in the face of uncertainty and risk. chocolate less than the first. negatively related to price, and this, In this case they make decisions on the basis of their preferences over goods and their assessments of the probability of different outcomes. In the 19508 the US mathematician Leonard J Savage showed how different people make different choices-decisions are Enjoyment Level affected not only by the different utility levels of utility people attach to commodities, but also by their comfort with risk: risk-averso people make choices that minimize the level of risk they face. .Check Your Understanding 1. Explain the difference between total utility and marginal utility using as an example a person Units Total Marginal drinking cans of soft drinks. Consumed Utility Utility 2. Copy Figure 5.15 into your notebook. Fill in the 0 O missing values. 6 3. a) Enrique is willing to go to one movie a month if the price is $10, two if the price drops to $8, and three if the price drops further to $6. 24 If the price of a movie is set at $8, what is 34 Enrique's concumor ourplus? 8 b) On a graph, draw Enrique's demand curve for movies, and shade in the area of his consumer 48 surplus. Figure 5.15 Fill in the missing values