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

Author Question: In a short-run production process, the marginal cost is rising and the average total cost is falling ... (Read 22 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Jul 1, 2018
In a short-run production process, the marginal cost is rising and the average total cost is falling as output is increased. Thus, marginal cost is
 
  A) below average total cost.
  B) above average total cost.
  C) between the average variable and average total cost curves.
  D) below average fixed cost.

Question 2

A person with a diminishing marginal utility of income
 
  A) will be risk averse.
  B) will be risk neutral.
  C) will be risk loving.
  D) cannot decide without more information


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Brenm

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


Yolanda

  • Member
  • Posts: 757
Reply 2 on: Jul 1, 2018
Excellent

jackie

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Simplified diagram of the fractional distillation process Simplified diagram of the fractional distillation process
This graphic illustrates the original systems model of politics advanced by David Easton. Politics This graphic illustrates the original systems model of politics advanced by David Easton. Politics
Examples of Impacts Associated with Different Amounts of Global Average Temperat Examples of Impacts Associated with Different Amounts of Global Average Temperat
Deviancy training is a process by which antisocial peers encourage antisocial talk among friends, ... Deviancy training is a process by which antisocial peers encourage antisocial talk among friends, ...
The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ... The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ...
Rising sea level: Some areas will be affected by a rise of just 40 cm Rising sea level: Some areas will be affected by a rise of just 40 cm
Video: Muscle cell structures - actin, myosin and titin filaments

For a complete list of videos, visit our video library