Part I. Use the table below as a basis for your responses 1. Fill in the table below. I uanti Hours Stud : Total Utili Mar1inalUtili 0 1 2 3 4 5 e. 4452 \"-3 2. Based on the table, how many hours should the student spend studying per day? The student should spend four (4) hours per day studying in order to maximize the marginal utility. Total Marginal Utility represents zero (0) to four (4) hours of studying and four (4) hours onwards shows the decrease in total utility, meaning the student will not learn as much when studying for ve (5) hours compared to four (4) hours. 3. Is a ve-hour study session a good idea? Briey explain your answer using marginal utility and total utility analyses. No, a ve-hour study session is not a good idea. The total utility reaches it peak after four (4) hours and decreases once it reaches the ve-hour mark. The law of diminishing marginal utility can be used in the table as seen in the decreasing marginal utility when the number of hours studying increases. Part I: 8/ 10 Part I: 8/ 10 Please include solutions for TU and MU for #1. A ve-hour study session is NOT a good idea because marginal utility is negative and total utility of 42 is NOT the maximum that could be achieved studying. Studying 4 hours has a higher total utility, 45