--%>

Describe Marginal benefit curve

Chose the right answer from the following . The marginal benefit curve is: 1) upsloping because of increasing marginal opportunity costs. 2) upsloping because successive units of a specific product yield less and less extra benefit. 3) downsloping because of increasing marginal opportunity costs. 4) downsloping because successive units of a specific product yield less and less extra benefit.

   Related Questions in Microeconomics

  • Q : Perfect mobility and perfect information

    The model of perfect competition assumes perfect mobility and perfect information. Transaction costs are not present; therefore all buyers and sellers base decisions on the best information obtainable to anyone else, as well as transportation (mobilit

  • Q : Define consumption function Consumption

    Consumption function: The relationship among income and consumption is termed as consumption function.

  • Q : Difference between planned and actual

    Differentiate between planned and actual saving and investment. Answer: There is a big difference between (a) planned S and I and (b) Actual saving and investment.<

  • Q : Problem on price elasticity and total

    A) Use the table below to draw graphs that show the relationship between price elasticity of demand and total revenue. <

  • Q : Lowering price of units selling A

    A monopolist which does not price discriminate faces a marginal revenue curve which slopes down quicker than its demand curve since: (w) economies of scale are significant. (x) selling more needs lowering the price of

  • Q : Charging price in short run for profit

    Now Roast chicken dinners replace fried chicken in popularity in this given demonstrated figure. In the short run that profit maximizing firm will charge a price equal to: (w) $12.00. (x) $11.00. (y) $10.00. (y) $9.00. (z) $6.50.

    Q : Bilateral Monopoly problem The

    The bilateral monopoly is in operation when: (i) Firm is the only employer of the certain labor force and a union is just the supplier of the labor for that organization. (ii) The firm is the mere producer of the two complementary goods. (iii) The monopolist sells a g

  • Q : Problem on purchasing newly-issued

    Can someone please help me in finding out the accurate answer from the following question. The individual who purchases a newly-issued corporate bond is: (i) Borrowing money from corporation. (ii) Lending money to corporation. (iii) Purchasing a share of corporation.

  • Q : Effects of high probability of

    Since of the high probability of bankruptcy and default of a latest corporation, new corporations: (i) Encompass little trouble selling bonds. (ii) Would prefer to the issue stock. (iii) Encompass more trouble selling bonds than the established corporations. (iv) Woul

  • Q : Total costs incur by profit-maximizing

    Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. When total fixed costs (for example, rent and utilities) are $9 per hour, that profit-maximizing monopolist will incur total costs of around: (w) $20 per hour. (x) $27