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​
Answers: 3
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Parliament passed several acts to britain meet its war debts. determine whether the following descriptions apply to the stamp act or the sugar act- passed by parliament in 1764- passed by parliament in 1765- enforced payment of taxes on foreign molasses- taxed all types of printed materialsstamp act: sugar act:
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QUESTION 1 (TOTAL AND MARGINAL UTILITY)
1.1 Briefly explain the term real prices.
1.2 State th...
1.2 State th...
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