Which of the following statements is the? Select all that are true. C] a. Utility is the satisfacation people extract from consumed services or goods and those derived from pursued activities. [:1 b. Utility is personal and subjective. C] c. Utility and individual receives from consuming a good is determined by the demand curve for that good. [:1 d. Total utility can be calculated by adding up the marginal utilities of each unit consumed. If you consume candy every day of the week, the marginal utility of canyd is likely to at the end of the week, ceteris paribus, and this demonstrates the law of O a. decrease; total utility O b. increasing; diminishing marginal utility O c. decline; diminishing marginal utility O d. increase; increasing marginal utilityYour enjoyment of peppermint patties follows the principle of diminishing marginal utility. You calculate your total utility after consuming the first patty at 10, second patty at 15, third patty at 20, and fourth patty at 19. By the fourth patty you start to feel sick. When is your marginal utility maximized? O a. When you consume the third patty O b. When you consume the first patty O c. When you consume the fourth pattyWhat is the total utility at 3 units and the marginal utility when you go from consuming two cokes to three cokes? Table Quantity Marginal Utility 20 15 IN 3 10 5 0 -5 O a. Total Utility = 45; Marginal Utility = 10 O b. Total Utility = 45; Marginal Utility = 5 O c. Total Utility = 50; Marginal Utility = 5