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Author Question: Suppose the marginal utilities for the first three cans of soda are 100, 80 and 60, respectively. ... (Read 110 times)

Diane

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on: Jun 29, 2018
Suppose the marginal utilities for the first three cans of soda are 100, 80 and 60, respectively. The total utility received from consuming 2 cans is
 
  A) 20. B) 80. C) 90. D) 180.

Question 2

When firms analyze the relationship between their level of production and their costs they separate the time period involved into
 
  A) a fixed period and a variable period.
  B) morning and evening.
  C) the short run and the long run.
  D) 6 months or less; 6 months to 1 year; more than 1 year.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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dellikani2015

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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Diane

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Reply #2 on: Jun 29, 2018
Thank you :)


dellikani2015

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Reply #3 on: Jun 29, 2018
Happy to help you


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