For an individual firm operating in a competitive market, marginal revenue equals Question 13 options: a) average revenue and the price for all levels of output. b) average revenue, which is greater than the price for all levels of output. c) average revenue, the price, and marginal cost for all levels of output. d) marginal cost, which is greater than average revenue for all levels of output.

Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is