Problem 5.24 find the present value of $4,900 under each of the following rates and periods: (use 365 days for calculation. if you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to the nearest penny.) a. 8.9 percent compounded monthly for five years. present value $ b. 6.6 percent compounded quarterly for eight years. present value $ c. 4.3 percent compounded daily for four years. present value $ d. 5.7 percent compounded continuously for three years. present value $

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.