This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The additional satisfaction that a consumer receives from one more unit of a good or service is ... (Read 143 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
The additional satisfaction that a consumer receives from one more unit of a good or service is known as _____.
 a. marginal utility
  b. total utility
  c. disutility
  d. profit
  e. the law of diminishing marginal utility

Question 2

The marginal cost of a good is:
 a. the difference between average total cost and average variable cost.
 b. the addition to total cost from producing one more unit of output.
 c. decreasing whenever average total cost is decreasing.
 d. always equal to average variable cost when the firm is maximizing profit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Briannahope

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
Reply #2 on: Jun 30, 2018
Thank you


Briannahope

  • Sr. Member
  • ****
  • Posts: 364
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

What makes tea so good What makes tea so good
Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II
Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading. Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading.
Tag identify that the power has been removed and service work is being done. Tag identify that the power has been removed and service work is being done.
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
Vegetable oils are good sources of essential fatty acids Vegetable oils are good sources of essential fatty acids
Video: Fermentation pathways

For a complete list of videos, visit our video library