You have just received notification that you have won the $3 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you’re around to collect), 78 years from now. what is the present value of your windfall if the appropriate discount rate is 10 percent? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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.