This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Total utility is determined by: a. multiplying the quantity purchased of a good by the price of the ... (Read 24 times)

geodog55

  • Hero Member
  • *****
  • Posts: 530
on: Jun 30, 2018
Total utility is determined by:
 a. multiplying the quantity purchased of a good by the price of the good.
  b. finding the additional utility gained from consuming one more unit of a product.
  c. summing the marginal utilities for each successive units of a product consumed.
  d. summing the number of units of a good consumed.
  e. dividing the marginal utility derived from consuming a good by its price.

Question 2

If AVC is subtracted from the ATC, the result is:
 a. economic profit.
 b. accounting profit.
  c. average fixed cost.
  d. marginal cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Cheesycrackers

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


geodog55

  • Member
  • Posts: 530
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

shailee

  • Member
  • Posts: 392
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

The Geometry of a Total Solar Eclipse The Geometry of a Total Solar Eclipse
The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ... The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ...
The tertiary of a transfer RNA as determined by X-Ray diffraction The tertiary of a transfer RNA as determined by X-Ray diffraction
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off
Vegetable oils are good sources of essential fatty acids Vegetable oils are good sources of essential fatty acids
Video: Oxygen transport - methods and oxyhemoglobin

For a complete list of videos, visit our video library