Part I. Use the table below as a basis for your responses. 1. Fill in the table below. 2. Based on the table, how many hours should the student spend studying per day? 3. Is a five-hour study session a good idea? Briefly explain your answer using marginal utility and total utility analyses. Quantity (hours of studying) Total Utility Marginal Utility а. 1 110 110 2 165 b. 3 с. 20 4 d. 177 е.

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A:

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A:

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A: (Q) Explain how the original Phillips curve was transformed into the expectations augmented Phillips…

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