Author Question: _____ is a measure of the total satisfaction derived from consuming a quantity of some good or ... (Read 103 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540
_____ is a measure of the total satisfaction derived from consuming a quantity of some good or service.
 a. Disutility
  b. Diminishing marginal utility
  c. Total utility
  d. Marginal utility
  e. Ordinal utility

Question 2

As quantity increases, which of the following must be true if average total costs are rising?
 a. Marginal cost must be greater than average total cost.
 b. Marginal cost must be less than average total cost.
 c. Average fixed cost must be increasing.
 d. Average fixed cost must be less than average variable cost.



b614102004

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

c

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

For a complete list of videos, visit our video library