--%>
Assignment Help - homework help

Diminishing Marginal Utility of a good

Whenever eating a whole pizza and realizing that the last piece didn’t taste almost as good as the first, you are experiencing is: (1) Diminishing the marginal utility. (2) Law of comparative advantage. (3) Law of income effect. (4) Law of supply.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Kinds of economic capital All kinds of

    All kinds of economic capital: (w) require construction of machines and buildings. (x) represent money. (y) are forms of output used for further production. (z) yield profit for their owners. Hello guys I want your

    		•
  • Q : Potential advantage of Proprietorships

    Beth and Anna each own a florist shop. After many years of rivalry, they make a decision to team up and make a partnership. The potential advantage of such a union would be that: (1) They can divide up duties and become more proficient. (2) Their partnership profits n

    		•
  • Q : Conditions of producers equilibrium

    Conditions of producers equilibrium: The conditions of producers equilibrium through the marginal cost and marginal revenue approach are as follows. 1. Marginal cost should be equal to marginal revenue.

  • Q : Competitive firm shuts down in short run

    A competitive firm shuts down within the short run when: (w) this suffers a loss. (x) normal profit = 0. (y) ATC > P. (z) the minimum AVC > P. Hello guys I want your advice. Please recommend some views for above Econo

    		•
  • Q : Problem regarding goals of Labor Union

    I have a problem in economics on goals of Labor Union. Please help me in the following question. Trade unions are reasonably supposed to try to maximize merely: (1) Wage rate. (2) Level of employment. (3) Total wage costs paid by the employers. (4) No

    		•
  • Q : Rates of Return of Cash Flow Assume

    Assume that an apartment complex is predicted to produce a consistent net $800,000 cash flow yearly in rent, after deducting all recurring variable costs (for example, taxes, utilities, and maintenance). When its current price is $10

    		•
  • Q : Government programs influencing

    Government programs assuring farmers minimum legal price floors which surpass equilibrium market prices will outcome: (1) Cheaper food for consumers. (2) Scarcities of food and the potential for famine. (3) Surplus demand in food markets. (4) Maximum equilibrium price

    		•
  • Q : Problem of what to produce Describe the

    Describe the problem of What to produce?

    		•
  • Q : Inflation premium Describe the term

    Describe the term Inflation premium and how it is the prospect of future inflation?

    		•
  • Q : Subjective preferences of Marginal

    I have a problem in economics on Subjective preferences of Marginal Utility. Please help me in the following question. The Marginal utilities: (1) Reflect the subjective preferences. (2) Are realistically evaluated by wealth. (iii) Are set by the demo

    		•