Question: The interplay between marginal utility and total utility plays a crucial role in shaping consumer behavior. With reference to the statement given above, discuss: The

The interplay between marginal utility and total utility plays a crucial role in shaping consumer behavior. With reference to the statement given above, discuss: The relationship between marginal utility and total utility; (3 marks) How the concepts are represented graphically and analyze how they influence consumer choice. Include examples to support your explanation; (3 marks) The impacts of Income and Substitution effects on Utility

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