Social Studies, 17.06.2021 14:10 alcott1110

QUESTION 1 (TOTAL AND MARGINAL UTILITY) 1.1 Briefly explain the term real prices.
1.2 State the Law of diminishing Marginal Utility.
1.3 Butter and margarine are substitutes in the market. Explain with the aid of
graph, the effect of an increase in price of butter on the demand of
margari
(2
1.4 Complete the table below.
Quantity/Number of
Total utility
Marginal Utilit

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QUESTION 1 (TOTAL AND MARGINAL UTILITY) 1.1 Briefly explain the term real prices.
1.2 State th...