Refer to the information provided in Table 6.3 below to answer the question(s) that follow.
Table 6.3Dozens of Oysters per DayTotal UtilityMarginal Utility160?2104?3134?4152?5?8Number ofBeers per DayTotal UtilityMarginal Utility140?270?394?4114?5?14Refer to Table 6.3. The marginal utility of the third dozen oysters per day is
A. 10.
B. 30.
C. 44.
D. 134.
Answer: B
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The average variable cost curve intersects the marginal cost curve from below
a. True b. False Indicate whether the statement is true or false
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A. less than one. B. greater than one. C. equal to one. D. equal to negative one.