Corollary of the law of equal marginal advantage

The corollary of the law of equal marginal benefit is the principle of: (1) Equal marginal utilities per dollar. (2) Diminishing marginal utility. (3) Income injection. (4) Substitution in demand. (5) Diminishing returns.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Illustrate an example of relative price

Joy waits into a long line at her local bookstore therefore she can be between the first to buy and read a newly-printed hardback copy of the newest Harry Potter adventure. And Lindsay waits till a lower priced paperback edition is printed just before buying any Potte

Q : Formula for primary deficit What is the

What is the formula for primary deficit? Answer: Primary deficit = fiscal deficit – interest payment.

Q : Highest legal price for Whopper Slushees

Beginning at equilibrium, a new highest legal price for Whopper Slushees set at P1 would: (i) cause people to purchase more Slushees and fewer cones from Dairy Queen. (ii) Reduce total market demand. (iii) Yield surplus demand and a scarcity. (iv) Inc

Q : Features of Indifference Curve Describe

Describe the features of Indifference Curve? Answer: A) Indifference curves slopes downward from left to right.B) Indifference curves are Convex to origin. C) Two Indifference curve not at all intersect

Q : Cross-elasticity coefficient When the

When the number of textbooks sold falls/drops 10 percent whenever college tuitions double, textbooks and college enrollments are _____ goods and their cross-elasticity coefficient is mainly _____. (i) Superior; 5.0. (ii) Inferior; 10.0. (i

Q : Poverty by throughout lives Which of

Which of the given statements is not correct? (w) Wealth is less equally distributed than income. (x) U.S. tax and transfer programs tend to make income more evenly distributed. (y) Some disincentives for work plague even the most efficient of proposed welfare reforms

Q : Minimum Wage Laws-unskilled workers I

I have a problem in economics on Minimum Wage Laws-unskilled workers. Please help me in the following question. The Minimum wage legislation is unlikely to help: (i) Skilled workers who compete by unskilled workers. (ii) Unskilled workers who don&rsqu

Q : Definition if pure monopsonist Can

Can someone please help me in finding out the accurate answer from the following question. The pure monopsonist: (1) Is the sole buyer of a specific good or resource in the given market. (2) Can adjust just quantity and therefore is a price-taker in input market. (3)

Q : What is generated by imposition of a

Imposition of a price floor tends to generate a: (w) shortage of the good. (x) surplus of the good. (y) excess demand for the good. (z) sellers’ market for the good. Hey friends please give your opinion for t

Q : Infinite price elasticity of supply The

The price elasticity of supply in given grph is infinite therefore supply is perfectly price elastic within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Discover Q & A

Leading Solution Library

Avail More Than 1415760 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1957772
Asked

3,689

Active Tutors

1415760

Questions
Answered

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

Submit Assignment