Author Question: As Sam moves rightward along his indifference curve, his marginal rate of substitution A) is ... (Read 111 times)

storky111 · **on:** Jun 29, 2018

As Sam moves rightward along his indifference curve, his marginal rate of substitution

A) is diminishing.
B) is increasing.
C) remains constant.
D) shows the change in his income.

Question 2

A firm's average total cost is 100, its average variable cost is 90, and its total fixed cost is 1,000. Its output is

A) less than 70 units.
B) between 70 and 120 units.
C) between 120 and 170 units.
D) more than 170 units.