Total utility is determined by: a. multiplying the quantity ...

[geodog55]

Total utility is determined by:
 a. multiplying the quantity purchased of a good by the price of the good.
  b. finding the additional utility gained from consuming one more unit of a product.
  c. summing the marginal utilities for each successive units of a product consumed.
  d. summing the number of units of a good consumed.
  e. dividing the marginal utility derived from consuming a good by its price.

Question 2

If AVC is subtracted from the ATC, the result is:
 a. economic profit.
 b. accounting profit.
  c. average fixed cost.
  d. marginal cost.

[Cheesycrackers]

Answer to Question 1

c

Answer to Question 2

c

[geodog55]

Gracias!

[ttt030911]

Thanks for the timely response, appreciate it