If total utility increases by smaller and smaller amounts as more ...

[jrubin]

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.

[mistyjohnson]

Answer to Question 1

b

Answer to Question 2

d

[jrubin]

Gracias!

[TheNamesImani]

TYSM