29) The way that a firm combines inputs and factors of production in order to determine how much they can produce is represented by the firm’s Select one: a. profit function. b. cost function. c. production function.   (30) Which of the following statements is true about total utility and consumer behavior? Select one: a. It steadily decreases with each additional purchase. b. It increases at a steady rate with every additional purchase. c. It increases with each additional purchase, but at a decreasing rate.

Q: b) Given that U = (X,X2), show that the following: %3D If utility function is additive then at most…

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A:

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