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Author Question: Which statement is TRUE about Mr. McConaughey's marginal utility from spending time with family and ... (Read 14 times)

fagboi

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on: Jun 29, 2018
Which statement is TRUE about Mr. McConaughey's marginal utility from spending time with family and friends and breaking a sweat?
 
  A) The marginal utility Mr. McConaughey gets from the first hour of spending time with his family is less than the marginal utility from the first hour of breaking a sweat.
  B) The marginal utility Mr. McConaughey gets from the third hour of spending time with his family is less than the marginal utility from the fourth hour of breaking a sweat.
  C) The marginal utility Mr. McConaughey gets from the fourth hour of spending time with his family is greater than the marginal utility from the fourth hour of breaking a sweat.
  D) The marginal utility Mr. McConaughey gets from the second hour of spending time with his family is greater than the marginal utility from the first hour of breaking a sweat.

Question 2

Average variable cost is at a minimum at the same amount of output at which
 
  A) average product is at a maximum.
  B) marginal product is at a maximum.
  C) average product is at a minimum.
  D) marginal product is at a minimum.


akemokai

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

A

Answer to Question 2

A


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