題組內容

II. Fill in the blank Questions (5 points each, 30 points in total)
  Please provide the most accurate numerical value or explanation for each blank. For Questions (blanks) 1-4, include relevant units (e.g., $, %, units) and round to the nearest integer with no decimal points. Write only your final answer—calculation details will not be read or graded. For Questions (blanks) 5-6, provide a clear and concise written explanation using correct economic terminology. Your response must stay within the sentence limit specified; answers exceeding the limit will receive zero credit.

1. A consumer is currently maximizing utility by consuming both Water and Diamonds. If the Marginal Utility of the last gallon of Water is 100 and its price is $1, and the price of a Diamond is $1,000, the Marginal Utility of the last Diamond purchased is ____(1)____.