SOLVED: The data below shows an example of total utility from bottled water. Calculate marginal utility and consumer surplus if water costs 2 per bottle. Quantity Total Utility Marginal Utility 1 15 4 2 26 6 Consumer Surplus:
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At quantity 1 total utility is 20At quantity 2 total utility is 36.pdf
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:max_bytes(150000):strip_icc()/Investopedia-terms-marginal-rate-substitution-4193249-057177f8b2894f4685188242b0fcec52.jpg "MRS in Economics: What It Is and the Formula for Calculating It")