A friend of yours tells you about the company that she is starting. She is very excited about the business and wants to know if you are interested in making an investment in the friends and family round. Assuming you can allocate a small amount of your portfolio to a high risk investment, what three key questions would you need answered before writing her a check to make an investment in the firm?

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.