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

Author Question: The additional satisfaction that a consumer receives from one more unit of a good or service is ... (Read 206 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
The additional satisfaction that a consumer receives from one more unit of a good or service is known as _____.
 a. marginal utility
  b. total utility
  c. disutility
  d. profit
  e. the law of diminishing marginal utility

Question 2

The marginal cost of a good is:
 a. the difference between average total cost and average variable cost.
 b. the addition to total cost from producing one more unit of output.
 c. decreasing whenever average total cost is decreasing.
 d. always equal to average variable cost when the firm is maximizing profit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Briannahope

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
Reply #2 on: Jun 30, 2018
Thank you


Briannahope

  • Sr. Member
  • ****
  • Posts: 364
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Men Present for Service during the Civil War Men Present for Service during the Civil War
Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations) Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations)
How is this worker trying to avoid becoming a depersonalized unit in a bureaucratic-economic ... How is this worker trying to avoid becoming a depersonalized unit in a bureaucratic-economic ...
Note the discovery as the air filter housing was opened during service on a Pontiac Bonneville. The ... Note the discovery as the air filter housing was opened during service on a Pontiac Bonneville. The ...
After checking for stored diagnostic trouble codes (DTCs), the wise technician checks service ... After checking for stored diagnostic trouble codes (DTCs), the wise technician checks service ...
Do not interact with a service dog unless you have permission from its owner. Do not interact with a service dog unless you have permission from its owner.
Video: Stimulus (introduction)

For a complete list of videos, visit our video library