The Below Figure Shows the Various Combinations of the Goods

question 99

Multiple Choice

The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3

-If the total cost of producing 2 pounds of cheese is $6 and the total cost of producing 4 pounds of cheese is $8, then:

• A)marginal cost of producing cheese declines as output increases.
• B)average total cost of producing cheese declines as output increases.
• C)average total cost of producing cheese increases as output increases.
• D)average total cost remains constant irrespective of the change in output.
• E)marginal cost remains constant irrespective of the change in output.

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Definitions:

Flowering Plant

Flowering plants, or angiosperms, are plants that produce flowers as their reproductive structures, containing the organs for seed production.

Showy Flowers

Flowers with bright colors and large petals designed to attract pollinators such as birds and insects.

Pollinated

The transfer of pollen from the male parts of a plant to the female parts, resulting in fertilization and seed production.

Filamentous

Having a long, thread-like shape, often used to describe the structure of certain types of bacteria, fungi, and plants.