The walston company is to be liquidated and has the following liabilities: income taxes $ 8,000 notes payable (secured by land) 120,000 accounts payable 85,000 salaries payable (evenly divided between two employees) 6,000 bonds payable 70,000 administrative expenses for liquidation 20,000 the company has the following assets: book value fair value current assets $ 80,000 $ 35,000 land 100,000 90,000 buildings and equipment 100,000 110,000 how much money will the holders of the notes payable collect following liquidation

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.