Answer:
(a) 0; 0
(b) $150 per hour; $16.67 per hour
(c) (b) $150 per hour; $53.57 per hour
Explanation:
(a) Number of hours = 125
Marginal cost = 0 (since service is cost less upto 200 hours)
Average cost = 0
(b) Number of hours = 225
Marginal cost = $150 per hour
Total cost = $150 × (225 - 200)
= $150 × 25
= $3,750
Average cost = Total cost ÷ Number of hours
= $3,750 ÷ 225
= $16.67 per hour
(c) Number of hours = 325
Marginal cost = $150 per hour
Total cost = $150 × (325 - 200)
= $150 × 125
= $18,750
Average cost = Total cost ÷ Number of hours
= $18,750 ÷ 325
= $53.57 per hour
Answer:
Option (C) is correct.
Explanation:
MUc = marginal utility obtained from product C
MUd = marginal utility obtained from product D
Pc = Price of product C
Pd = Price of product D
Therefore, a consumer will maximize his total utility at a point where the marginal utility per dollar from product C and marginal utility per dollar from product D are equal.
It is shown as follows:

The consumer is spending more on product C and less on product D if the marginal utility per dollar of product C is greater than the marginal utility per dollar of product D.
Answer:
C
Explanation:
its c because thats what happens on the road
A. The stock market............