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Economics

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the total utility of consuming 10 bottles of water is 200. the marginal utility of consuming the 11th and 12th bottles of water is 5 and 4 respectively. what are the total utilities of consuming 11 and 12 bottles of water?

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Answer:

The total utility of 11 and 12 bottles are 205 and 209, respectively. The average utilities 11 and 12 bottles are 18.63 and 17.41, respectively.

Explanation:

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