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Author Question: _____ is the change in total utility that occurs because one more unit of a good is consumed or ... (Read 69 times)

tiffannnnyyyyyy

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on: Jun 30, 2018
_____ 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.


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Sophiapenny

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

b

Answer to Question 2

c


tiffannnnyyyyyy

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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