mr. curtis paid the following taxes: federal income tax $ 75,250 federal gift tax 376 federal employer payroll tax for housekeeper 1,355 indiana income tax 8,460 indiana sales tax on consumer goods and services 3,010 local property tax on: principal residence 4,150 vacation home 2,630 two automobiles 1,350 required: to what extent (if any) can mr. curtis deduct each of these payments

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.