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

Author Question: In a short-run production process, the marginal cost is rising and the average total cost is falling ... (Read 67 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Jul 1, 2018
In a short-run production process, the marginal cost is rising and the average total cost is falling as output is increased. Thus, marginal cost is
 
  A) below average total cost.
  B) above average total cost.
  C) between the average variable and average total cost curves.
  D) below average fixed cost.

Question 2

A person with a diminishing marginal utility of income
 
  A) will be risk averse.
  B) will be risk neutral.
  C) will be risk loving.
  D) cannot decide without more information


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Brenm

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Yolanda

  • Member
  • Posts: 757
Reply 2 on: Jul 1, 2018
Excellent

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Assisting a falling patient. Assisting a falling patient.
Children with disabilities used to be sent to special schools. In a process called mainstreaming or ... Children with disabilities used to be sent to special schools. In a process called mainstreaming or ...
On average, students in Roman Catholic schools score higher on national tests than students in ... On average, students in Roman Catholic schools score higher on national tests than students in ...
Downstream Process - Inoculum Preparation & Expansion Downstream Process - Inoculum Preparation & Expansion
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Video: Cavernous Sinus Larynx Middle Ear Orbit: Granulesm Animation

For a complete list of videos, visit our video library