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Exhibit 11-4
Consider the pair of reactions below to answer the following question(s) .
-Refer to Exhibit 11-4.The solvent in these reactions is:
Marginal Utility
The additional satisfaction or utility gained by consuming one more unit of a good or service.
Total Utility
The total satisfaction received from consuming a given total quantity of a good or service.
Marginal Utility
The change in satisfaction or benefit derived from consuming an additional unit of a good or service.
Total Utility
The total satisfaction received from consuming a particular quantity of a good or service.
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