3.1. Explain, with the aid of examples, the following economic concepts in terms of utility theory: 3.1.1 Total utility                                                                                                                                      3.1.2 Marginal utility                                                                                                                               3.1.3 Weighted marginal utility                                                                                                              3.2 Assess how income elasticity of demand is used to define goods and services.

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