Anil wants to start a business involving a new but relatively simple product that can be produced in a short amount of time and with less than $100,000. His market research suggests that there would be widespread demand for the product. A favorable method to bootstrap the production costs would be to: a. Issue a private placement of equity securities b. Seek a commercial loan from a large bank c. Crowdfund production costs through pre-orders d. Issue bonds to wealthy private investors

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.