please help with the following.

show all your work for the problems requiring calculations. 8

1.Define marginal utility and total utility.

-Marginal utility is the change in total utility that results from a one-unit increase in the quantity of a good consumed.

-Total utility is the total benefit that a person gets from the consumption of goods and services.

2.What concept explains that I will enjoy the first taco more than the second taco?

3.As the quantity of a good consumed increases, what should happen to:

a.Total utility: As more of a good or service is consumed, total utility increases.

b.Marginal utility

It is the change in satisfaction that results from a one-unit increase in the quantity of a good consumed.

4.If the price of a good increases, what happens to the marginal utility per dollar?

5.Fred enjoys Tacos and Steaks.The table shows the total utility he gets from each good.

Quantity of Total utility Quantity of Total utility tacos from tacos steaks from steaks C 25 100 45 190 60 270 4 70 4 340 5 75 5 400