Comparison of absolute intensity among two consumers

The absolute intensity of one consumer’s preferences and tastes as compared to the absolute intensity of the other consumer’s tastes and preferences is as: (1) Dependent on the supplies of specific products. (2) Individually recognized in very predictable manner. (3) Extremely hard to quantify. (4) Extremely stable for luxury goods.

Find out the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Additional Funds for Breaking Invention

If Bank of America helps link an inventor in require of additional funds to develop a ground breaking invention along with a retired school teacher along with excess savings, in that case they are performing: (1) love connections. (2) financial interm

Q : Value of the Marginal Product I have a

I have a problem in economics on Value of the Marginal Product. Please help me in the following question. Value of the marginal product is stated as: (1) MPP × P. (2) MPP × MR. (3) MPP × MC. (4) MPP × MRC.

Q : Changing in marginal cost without price

When this firm's marginal cost curve moved upward from MC2 to MC3, the firm would: (w) reduce output from Q3 to Q2 and increase price from P3 to P4. (x) reduce output by Q2 t

Q : Problem on sole Proprietorships I have

I have a problem in economics on Problem on sole Proprietorships. Please help me in the following question. The form of business association with the greatest potential financial liability for its owners is the: (1) Corporation. (2) Sole proprietorshi

Q : Relatively inelastic supply curve in

Marginal revenue is below average revenue as [TR/Q] for a firm along with market power since: (w) the demand curve this faces is negatively sloped. (x) its supply curve is relatively inelastic. (y) marginal cost is be

Q : Value of the marginal product of labor

The Profit-maximizing firms which operate in the competitive resource and output markets adjust the labor inputs till the wage rate equivalents the: (i) Average revenue from the output. (ii) Output price equivalents the average variable cost. (iii) Marginal utility of

Q : Technology in supply I have a problem

I have a problem in economics on Technology in supply. Please help me in the following question. The bumper corn crop caused by the good weather would symbolize a raise in: (i) supply. (ii) Consumer’s tastes for corn. (iii) Demand. (iv) The price of corn. <

Discover Q & A

Leading Solution Library

Avail More Than 1419479 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1943937
Asked

3,689

Active Tutors

1419479

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment