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A primary school science teacher decided to liven up the classroom with a saltwater aquarium. Knowing that saltwater aquaria can be quite a hassle, the teacher proceeded stepwise. First, the teacher conditioned the water. Next, the teacher decided to stock the tank with various marine invertebrates, including a polychaete, a siliceous sponge, several bivalves, a shrimp, several sea anemones of different types, a colonial hydra, a few coral species, an ectoproct, a sea star, and several herbivorous gastropod varieties. Lastly, she added some vertebrates-a parrot fish and a clown fish. She arranged for daily feedings of copepods and feeder fish.
-The teacher and class were especially saddened when the colonial hydrozoan died. They had watched it carefully, and the unfortunate creature never even got to produce offspring by budding. Yet, everyone was elated when one of the students noticed a small colonial hydrozoan growing in a part of the tank far from the location of the original colony. The teacher was apparently unaware that these hydrozoans exhibit ________.
Total Utility
The overall satisfaction or benefit a customer receives from consuming a particular good or service.
Marginal Utility
The increased happiness or usefulness gained by 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.
Utility Schedule
A table showing different quantities of a good and the utility or satisfaction derived from each quantity, used to analyze consumer preferences.
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