Assume the following apply to the time period relevant for the question: Demand remains stable No new firms enter and no new products are introduced No changes in advertising are made Firms have constant returns to scale and input prices are constant Given current prices, which brand do you expect to gain share in the next few months

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.