Selma inc. is comparing several alternative capital budgeting projects as shown below: projectsa b cinitial investment $80,000 $120,000 $160,000present value of net cash flows 90,000 110,000 200,000using the profitability index, the projects rank 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.