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QUESTION 11 At point B, marginal Utility of X divided by Price of 2 shows that for the last dollar spent on 2, the utility
QUESTION 11 At point B, marginal Utility of X divided by Price of 2 shows that for the last dollar spent on 2, the utility received is: : 6.5 Utiles _ 7.5 Utiles 8.5 Utiles None of the avove. QUESTION 12 The marginal Product of labor is at its maximum at point C and is equal to: 10 25 26.66 None of these. [ll] QUESTION 13 When the output is at 2,000, the Average Total Cost of Production is at its minimum and equal to: $2.75 $0.30 : $0.45 $1.25
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