g A loan is taken to purchase experimental supplies for development of a personal device that can be used to obtain clean water from many common contaminated sources. The loan is for $180,000 and is to be paid back in equal annual amounts over a period of 4 years at an annual rate of 6.5% Since income is projected to be slow in the earlier years, it is proposed to pay back the loan starting with only $18,000 in year 1 and increasing the payment by an equal amount $G each year for years 2, 3, and 4. What is the value of $G that makes these payments equivalent to the equal annual amounts

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.