Define Marginal Utility
Marginal Utility: It is addition more to the net or total utility as consumption is increased by one more unit of commodity.
The removal of exploitation of labor [that is, wage payments beneath the value to society of each and every individual worker’s productive contribution] is automatic when business decision makers: (v) Should set wages via collective bargaining agreements with th
In addition to price, what are the other determinants that consumers want to buy?
Can someone help me in finding out the right answer from the given options. Working time gone in strikes as the percent of net working time in the United States since from the end of World War II has: (1) Rose to around 20 percent. (2) Reduced to a bit over 6 percent.
Financial markets are markets in that funds are transferred from: (w) financial investors or institutions which have an excess of available funds to people or firms which have a shortage. (x) people who have a shortage of obtainable funds to people wh
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
Product market: It comprises of final services and goods.
Within below figure there is market for papayas: (1) a shortage exists at P2. (2) papayas are a free good at P0. (3) papayas are currently a scarce good. (4) consumer's demand prices equivalent P2 at quantity Q2. (5) the equ
Can someone help me in finding out the right answer from the given options. The provisions of Taft Hartley Act did not proscribe: (i) Secondary boycotts. (ii) Closed shops. (iii) Jurisdictional strikes. (iv) Right-to-work laws.
Tell answer of this question.Refer to the following data for a nondiscriminating monopolist. At its profit-maximizing output, this firm will be operating in the: 1) perfectly elastic portion of its demand curve. 2) perfectly inelastic portion of its demand curve. 3)
If MPP is zero, what can you state regarding TPP? Answer: TPP is at its maximum.
18,76,764
1922322 Asked
3,689
Active Tutors
1427318
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!