Question: Could you please answer me the attached questions, thanks much. 2.Utility: a.What 1s utility? b.What is marginal utility? c.What is the relationship and significance of

Could you please answer me the attached questions, thanks much.

2.Utility: a.What 1s utility? b.What is marginal utility? c.What is the relationship and significance of the Law of Diminishing Marginal Utility and consumer decision making? d.What is the Diamond-Water Paradox? 3.Consumer Budget Constraint Model: a.How does the Consumer Budget Constraint Model compare to the Production Possibilities Frontier Model

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