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Author Question: If total utility increases by smaller and smaller amounts as more units of a product are consumed, ... (Read 75 times)

jrubin

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on: Jun 30, 2018
If total utility increases by smaller and smaller amounts as more units of a product are consumed, then marginal utility is:
 a. decreasing and is a negative amount.
  b. decreasing and is a positive amount.
  c. zero.
  d. increasing and is a negative amount.
  e. increasing and is a positive amount.

Question 2

If average fixed cost and average variable cost are summed together, the result is:
 a. total revenue.
 b. total profit.
 c. total cost.
 d. average total cost.


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mistyjohnson

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


jrubin

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Reply 2 on: Jun 30, 2018
Excellent

peter

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Reply 3 on: Yesterday
:D TYSM

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