Relationship between Total utility and Marginal utility
Describe the relationship between Total utility (TU) and Marginal utility (MU)? Answer: a) TU rises at diminishing rate whenever MU is declining and Positive. b) TU is maximum whenever MU is 0 (Zero).c) Whenever MU becomes Negative, TU refuses.
Describe the relationship between Total utility (TU) and Marginal utility (MU)?
Answer:
a) TU rises at diminishing rate whenever MU is declining and Positive. b) TU is maximum whenever MU is 0 (Zero).c) Whenever MU becomes Negative, TU refuses.
Describe the consumer’s equilibrium in case of two commodities (IC) approach. Answer: Consumer equilibrium refers to a condition when he spends his specified
The arbitrager is an organization or individual that will: (1) Simultaneously purchase low and sell high in various markets. (2) Create disparities among prices in various markets. (3) Resolve disputes among sellers and consumers. (4) Purchase low and
When generic lumber processing is a constant cost industry, within the long run this lumber mill is probable to experience a: (i) a severe shrinking of economic profit to zero. (ii) a decline within the price of 2×4s to about $2.40 apiece. (iii)
Question: Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use e
When market begins in equilibrium at point e upon S0D0 and in that case young American families increasingly "inherit" furniture like their baby-boomer parents move within smaller retirement homes, that market will tend to shift in the direction
The Lorenz curve gives an indication of: (w) the poverty rate. (x) dead end poverty. (y) relative poverty. (z) post-transfer poverty. Can someone explain/help me with best solution about problem of Economic
While rate hikes will boost a utility's total revenue, in that case the utility faces: (w) elastic demand over the relevant price range. (x) unitarily elastic demand over the relevant price range. (y) inelastic demand over the relevant price range. (z
Grape jelly and Peanut butter are strong complements. Assume that severe mold ruined half of this year’s peanut harvest. When the grape jelly market was primarily in equilibrium on S0D0, then this market would shift to: (a) S1D0. (b) S0D2. (c) S2D0. (d) S2D2. (e
This profit-maximizing lumber mill incurs total costs of approximately: (a) $2200 per day. (b) $3300 per day. (c) $4200 per day. (d) $5200 per day (e) $6200 per day. Q : Annually paying exact amounts by Securities annually paying exact amounts forever are: (1) stocks. (2) perennials. (3) royalties. (4) renewals. (5) perpetuities. How can I solve my Economics problem? Please suggest me the correct answer.
Securities annually paying exact amounts forever are: (1) stocks. (2) perennials. (3) royalties. (4) renewals. (5) perpetuities. How can I solve my Economics problem? Please suggest me the correct answer.
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