Susan manages the aquatic center. She uses 40000 bulbs during the course of a year. The following information is known about the bulbs: Annual demand: 40000 Holding cost per bulb per year: $1.50 Setup cost per order: $18.75 Working days per year: 250 1) Given the above information, what would be the economic order quantity EOQ of the aquatic center

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.