QUESTION 1 (TOTAL AND MARGINAL UTILITY) 1.1 Briefly explain the term real prices.
1.2 State the Law of diminishing Marginal Utility.
1.3 Butter and margarine are substitutes in the market. Explain with the aid of
graph, the effect of an increase in price of butter on the demand of
margari
(2
1.4 Complete the table below.
Quantity/Number of
Total utility
Marginal Utilit​

Situation #2: imagine that you are a newspaper editor in columbus, oh in 1863. the civil war has been dragging on for more than two years already and shows no signs of ending soon. you are aware that many black males are willing to enlist in the union army but you fear that they may be mistreated and abused by the majority of soldiers on either side in this war. write a one-page letter (double spaced) editorial for tomorrow's edition of the newspaper. the topic is military service in the union army by free african american males. in your editorial, take a clear position for or against having black men join the fight. be sure to give reasons for whatever position you choose to take.

The banking act of 1933, also known as the glass-steagall act, established the federal deposit insurance corporation (fdic), which a protected banks from failure by ensuring that the government would bail them out if necessary. b required american taxpayers to establish an account with a commercial bank. c protected depositors from financial losses when banks failed.

According to the theory of mercantilism, a country is strengthen by