Beth quit her job as a computer programmer for a large corporation to begin her own computer repair business in her garage. to do this, she took $10,000 out of her retirement fund and hired her brother, will, on an hourly basis. as a factor of production, beth is best classified as and will is best classified as

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.