Affect of total utility to marginal utility
Whenever total utility is at a maximum, then marginal utility is: (1) Rising. (2) Reducing. (3) Zero. (4) Similar as total utility. Can someone help me in getting through this problem.
Whenever total utility is at a maximum, then marginal utility is: (1) Rising. (2) Reducing. (3) Zero. (4) Similar as total utility.
Can someone help me in getting through this problem.
An opportunity cost to the user, although not to society as an entire, which would be the: (w) accounting profits realized by a firm of CPAs. (x) interest paid by a borrower for a bank loan. (y) rent paid by a sharecropper to a plantation owner. (z) m
When the quantity of scuba lessons demanded through tourists in Hawaii increases from 800 to 1,000 weekly while the price falls from $60 to $40 per session, in that case the price elasticity of tourist demands for scuba lessons is: (1
In a constant-cost, there purely-competitive industry in the short-run: (w) and long-run supply curves are positively sloped. (x) and long-run supply curves are negatively sloped. (y) and long-run supply curves are horizontal. (z) sup
When all bonds are perpetuities which pay annual income of $50, at an interest rate of 5% the price of bonds is: (w) $1,000. (x) $500. (y) $100. (z) $750. Can someone explain/help
The advantages that firms confer on society do not comprise: (i) Decreasing the transaction costs. (ii) Raising consumer purchasing power. (iii) Facilitating the specialization in production. (iv) Raising the consumer demand. (v) Boosting the national income.
The Department of the Census explains low relative income as experienced while families: (w) lack sufficient income to buy the fundamental food clothing and shelter required for survival. (x) would like to improve the
When price ceilings cause shortages of a good in that case the good tends to be: (1) replaced by substitutes by many consumers. (2) allocated by several non price mechanism. (3) more valuable to consumers than the money prices charged
The purely competitive firm which hires more workers if the value of marginal product of labor increases above the competitively set wage rate will certainly experience rises in its: (1) Overhead costs. (2) Profit per unit. (3) Average variable cost. (4) Marginal reve
The amounts of a good or resource which sellers will offer beneath different conditions are termed as its: 1) Supply. (2) Availability. (3) Market. (4) Equilibrium. (5) Surplus. Find out the right answer from the above options.
I have a problem in economics on Problem concerning Exploitation. Please help me in the given question. Whenever resource suppliers are salaried less than the values of their marginal products [or VMPs], then they are stated to be: (p) Monopsonistic. (q) Monopolistic.
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