Author Question: When marginal utility is positive and increasing, then a. total utility must be negative. b. total ... (Read 163 times)

OSWALD · **on:** Jun 30, 2018

When marginal utility is positive and increasing, then
a. total utility must be negative.
b. total utility must be increasing at an increasing rate.
c. total utility must be increasing at a decreasing rate.
d. total utility is decreasing.
e. total utility is at its maximum point.

Question 2

If Jason's fixed cost totals 800 with variable cost per unit of 10 at a quantity of 100 units, what would his average total cost equal?
a. 8.10
b. 18.00
c. 90.00
d. 91.00