Which of the following do you know for certain is true?
a. The marginal utility of Diane's second Coke is greater than the marginal utility of her third pretzel
b. The marginal utility of Diane's second Coke is greater than the marginal utility of Ken's third pretzel.
c. The marginal utility of Diane's second Coke is greater than the marginal utility of her third Coke.
d. The total utility of two Cokes is greater than the total utility of three Cokes.
e. The marginal utility of Diane's second Coke is greater than the marginal utility of Ken's third Coke.
C
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Refer to Figure 11-9 above to solve the following problems
a. Calculate the fixed cost of production. b. Calculate the average total cost of production when the firm produces 20 units of output. c. Calculate the average variable cost of production when the firm produces 20 units of output. d. Calculate the average fixed cost of production when the firm produces 20 units of output. e. Calculate the average fixed cost of production when the firm produces 15 units of output. f. If the firm increases output from 15 to 20 units, what is the marginal cost of output?
A matrix form of organization is equivalent to a U-form which is found in the service industry
Indicate whether the statement is true or false