Given the production possibility tables for the First and Second Bakeries shown, we know that the opportunity cost of producing cookies:First BakerySecond BakeryCookiesPiesCookiesPies018091012306206603300900 

For a risk-averse individual, as wealth increases, total utility ________ and marginal utility ________

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases

The above figure shows the reaction functions for two pizza shops in a small isolated town. Firm B producing 100 pizzas and firm A producing 50 pizzas is NOT a Cournot equilibrium because

A) Cournot duopolists agree to share the market equally. B) firm B is not on its best-response function. C) firm A is not on its best-response function. D) neither firm is on its best-response function.