--%>
Assignment Help - homework help

Marginal utility of Goods and Bads

When Joe Glutton’s final bite of a burger yielded no profit in total utility, then Joe: (i) Don’t like hamburgers. (ii) Has reached the minimum utility from eating the burgers. (iii) Has reached the point where marginal utility of hamburgers is 0 (zero). (iv) Is entering an area of diminishing returns.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Revenue expenditure Why payment of

    Why payment of interest is treated as revenue expenditure? Answer: Since it does not cause any decrease in the liability of government.

    		•
  • Q : Probability of Law of Diminishing

    Can someone help me in finding out the right answer from the given options. Karina gets 27 utils from her first ice-cream cone in an hour, and 23 extra utils from the second that hour. Determine the number of utils is she likely to obtain from the third cone? (i) 15 u

    		•
  • Q : Increasing equality in distribution of

    Increasing equality within the distribution of income or wealth is generally related with: (1) decreases in the population’s total amount of income or wealth. (2) lower values for the Gini coefficient. (3) greater overall curvat

    		•
  • Q : Minimum wage laws for graduates students

    Casual surveys of students at the starting of each semester reveal an amused although overwhelming maintain for a proposal to increase the legal minimum wages of graduates from college to $50,000 yearly. They supposed our proposal was facetious. But a

    		•
  • Q : Efficient purely competitive market in

    When there are no externalities, in that case a purely competitive market in equilibrium is efficient since: (w) P = AC = MC. (x) total revenue equals total cost [TR = TC]. (y) P = MSB = MSC = MC. (z) MSB = MSC = MR > P.

  • Q : Elasticity of Demand for Labor Can

    Can someone help me in finding out the right answer from the given options. Absolute value of the proportional change in labor hired divided by the proportional change in the wage rate is termed as the: (1) Income or substitution coefficient. (2) Employment salary or

    		•
  • Q : Rate of return by perpetuity price A

    A perpetuity currently priced at $5000 which will pay $200 annually all times generates a rate of return of: (w) 4%. (x) 4.8%. (y) 5%. (z) 3.5%. Hey friends please give your opinion for the problem

    		•
  • Q : Monopolistically-competitive market

    When numerous new firms enter a monopolistically-competitive market, in that case the demand curves facing the firms previously in that market will: (1) shift to the left and turn into more price elastic. (2) become straighter and less income elastic.

    		•
  • Q : Demands for education in relatively

    Most college students strongly are in opposition to tuition raises. When only one student in fifty transfers to other school subsequent a ten percent tuition hike at your school, in that case your economics professor would most likely conclude that most students&rsquo

    		•
  • Q : Concept of Joseph A. Schumpeter about

    The concept that innovation is a main source of economic profit is central to the concepts of: (1) Joseph A. Schumpeter. (2) Karl Marx. (3) Frank Knight. (4) Horatio Alger. (5) John Bates Clark. Ca

    		•