Biology Forums - Study Force

Total utility is maximized when _____.
 a. the marginal utility is maximized
  b. the marginal utility is the same for all goods consumed
  c. the marginal utility per dollar expenditure is maximized
  d. the marginal utility per dollar expenditure is the same for all goods consumed
  e. any change in purchases from good A to good B reduces marginal satisfaction

QUESTION 2

Total costs:
 a. Decrease when quantity produced increases.
 b. Increase when quantity produced increases.
 c. Sometime increase and sometime decrease when quantity produced increases.
  d. Can sometimes be constant over a substantial range of output.

QUESTION 3

Stocks that offer a guaranteed fixed periodic payment or dividend are known as:
 a. common stock.
  b. restricted stock.
  c. close-ended stock.
  d. preferred stock.
  e. open-ended stock.

QUESTION 4

When the marginal utility derived from a good is negative, total utility is _____.
 a. increasing
  b. at a minimum
  c. equal to zero
  d. decreasing
  e. at a maximum

QUESTION 5

Total variable costs:
 a. Increase when quantity produced increases.
 b. Decrease when quantity produced increases.
 c. Sometime increase and sometime decrease when quantity produced increases.
  d. Can sometimes be constant over a substantial range of output.

QUESTION 6

The financial capital of a firm includes the:
 a. service provided by its accountants.
 b. credit cards provided to its top executives.
  c. equity and bonds issued by it.
 d. loans accepted from banks.
 e. computers purchased for its office staff.

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Helps a lot <3 Now I'm ready for my quiz