--%>
Assignment Help - homework help

Advantage of law of equivalent marginal occurrence

Behavior most compatible along with the law of equivalent marginal advantage occurs while: (w) shoppers exhaust their budgets upon nondurables and services. (x) every firm uses similar markup over cost to set prices. (y) identical twins work in evenly well paid jobs. (z) your last dollar is spent upon a winning lottery ticket.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Exit industry in long run at wholesale

    This purely competitive peach orchard would most likely exit this industry within the long run when the wholesale price per bushel of peaches fell below: (i) $9.00 per bushel of peaches. (ii) $10.00 per bushel of peaches. (iii) $11.00 per bushel of pe

    		•
  • Q : Problem on imperfect competition As MRP

    As MRP < VMP in imperfect competition if firms have market power as sellers: (1) MPPL = VMP. (2) The price of output surpasses MFC. (3) Monopolistic exploitation becomes essential to attain gain. (4) Imperfect competition can’t reach the equi

    		•
  • Q : Problem related to aggregate demand

    Refer to the below diagram, in which Qf is the full-employment output. If aggregate demand curve AD1 describes the current situation, appropriate fiscal policy would be to: A) increase taxes and reduce government spending to shift the aggregate d

    		•
  • Q : Define money Money : Money is what

    Money: Money is what money does. Or Money is something that is accepted as a medium of exchange and at similar time act as a store of value.

    		•
  • Q : Define legal tender money Legal tender

    Legal tender money: Money which is declared legally as the medium of exchange by government is termed as legal tender money.

    		•
  • Q : Example of determining new equilibrium

    As per such supply and demand curves for peanuts, there is the: (w) demand for peanuts has fallen. (x) price rises to P1 due to better peanut technology. (y) production of peanuts was initially Q0. (z) new equilibrium price of pe

    		•
  • Q : Economic profits by competitive

    Economic profits produce competitive pressures which cause: (w) each firm’s output to shrink during the short run. (x) an industry’s output to increase. (y) market prices to increase. (z) firms to leave an industry.

    Q : Determine income elasticity of demand

    An income elasticity of demand for a good equivalent to two implies roughly that: (1) demand curves for the good slope upward. (2) the product is an inferior good. (3) each 1% gain in income boosts the amount sold through 2%. (4) a 20% gain in income

    		•
  • Q : Marginal revenue for the pure monopolist

    Give the answer of following question. Price exceeds marginal revenue for the pure monopolist because the: A) law of diminishing returns is inapplicable. B) demand curve is downsloping. C) monopolist produces a smaller output than would a purely competitive firm. D) d

    		•
  • Q : Goods trading problem Choose the right

    Choose the right answer from following. In recent years the United States has: A) exported more services abroad than it has imported. B) had a small goods trade surplus with Japan. C) had a large goods trade surplus with the rest of the world. D) fallen to third behin

    		•