Author Question: When the marginal utility derived from a good is negative, total utility is _____. a. increasing ... (Read 128 times)

2125004343 · **on:** Jun 30, 2018

When the marginal utility derived from a good is negative, total utility is _____.
a. increasing
b. at a minimum
c. equal to zero
d. decreasing
e. at a maximum

Question 2

Total variable costs:
a. Increase when quantity produced increases.
b. Decrease when quantity produced increases.
c. Sometime increase and sometime decrease when quantity produced increases.
d. Can sometimes be constant over a substantial range of output.