Author Question: _____ is a measure of the total satisfaction derived from consuming a quantity of some good or ... (Read 64 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?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

For a complete list of videos, visit our video library