This topic contains a solution. Click here to go to the answer

Author Question: _____ is the change in total utility that occurs because one more unit of a good is consumed or ... (Read 22 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
_____ is the change in total utility that occurs because one more unit of a good is consumed or acquired.
 a. Total utility
  b. Marginal utility
  c. Disutility
  d. Diminishing marginal utility
  e. Expected utility

Question 2

The change in total cost resulting from a one-unit increase in production is called:
 a. average fixed cost.
 b. average variable cost.
  c. marginal cost.
 d. marginal revenue.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

b

Answer to Question 2

c




tiffannnnyyyyyy

  • Member
  • Posts: 512
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

For a complete list of videos, visit our video library