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Figure 13-1
Use the figure to answer the corresponding question(s) .
-The experimental design in Figure 13-1 was used to examine:
Total Utility
The overall satisfaction or value a consumer gets from consuming a certain quantity of goods or services.
Marginal Utility
The added satisfaction a consumer gets from having one more unit of a good or service.
Demand Schedule
A table that lists the quantity of a good or service demanded by consumers at various price levels.
Marginal Utility Data
Information that quantifies the added satisfaction a consumer gains from consuming one more unit of a good or service.
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