Author Question: In the above figure, what is the marginal social cost to the economy of producing the four-hundredth ... (Read 105 times)

jrubin · **on:** Jun 29, 2018

In the above figure, what is the marginal social cost to the economy of producing the four-hundredth pretzel?

A) 0
B) 2.00
C) 4.00
D) None of the above answers are correct.

Question 2

A decrease in consumption will result in

A) both total utility and marginal utility decreasing.
B) total utility increasing, but marginal utility decreasing.
C) total utility decreasing, but marginal utility increasing.
D) both total utility and marginal utility increasing.