--%>

Example of how marginal utility diminishes occurs

An illustration of how marginal utility diminishes takes place when: (1) Todd only requires 180 screws for his bike repair shop however purchases a box of 200 screws. (2) Amy Sue decides she would instead contain 150 hogs than 151 on her pig farm. (3) Tia earned a B after she studied economics 4 hrs over the weekend to get ready for an economics exam, however she would encompass made an A if she had studied 12 hrs. (4) Derek finds it tough to laugh politely after he hears a ‘new’ joke for the fourth time at present. (5) Wiley Coyote is tricked by the Road Runner for the 17th straight cartoon.

Choose the most appropriate option from the above.

   Related Questions in Microeconomics

  • Q : Reduces total production cost and raise

    Assume that Joe discovers the price elasticity of market demand to be 0.8 for Joe’s additional fancy dehydrated water at the present price of $10 per barrel. Every barrel averages $2 to generate. Joe can: (w) increase his profits by 80% if he in

  • Q : Derived Demand for the Labor Can

    Can someone please help me in finding out the accurate answer from the following question. Declines in international price of oil would be most probable to cause: (1) Wages of bicycle factory workers to rise. (2) Demand for automobiles to reduce. (3) Incomes of the ge

  • Q : Question 2 Explain the concept of a

    Explain the concept of a concentration ration. Is the concentration ratio in a monopolistically competitive industry likely to be higher than for a perfectly competitve industry? Explain the answer

  • Q : Commercial introduction of production

    Innovation: (w) entails financial investment to create human capital. (x) comprises the commercial introduction of a new product or production process. (y) can reasonably describe only normal accounting profit. (z) was used by John Maynard Keynes to d

  • Q : Monopolist in the product market Can

    Can someone please help me in finding out the accurate answer from the following question. For a monopolist in a product market, the value of marginal product of the labor: (i) Equivalents the marginal revenue product of the labor

  • Q : Monopolies over brand name products of

    Several firms have monopolies over brand name products, although face competition from: (w) international cartels. (x) oligopolistic rivals. (y) producers of close substitutes for their products. (z) intra-firm rivalry.

    Q : Competition in output and resource

    The purely competitive model means that competition in both output and resource markets yields a distribution of income that is proportional to the: (w) numbers of people in specific households. (x) effort and leisure sacrificed throu

  • Q : Market Supplies of Labor I have a

    I have a problem in economics on Market Supplies of Labor. Please help me in the following question. In long run, the labor supply curve facing the major industry: (i) Will always be positively associated to the wage rate. (ii) Will slope upward if and only if individ

  • Q : Other determinants that producers want

    In addition to price, what are the other determinants that producers want to sell?

  • Q : Interest rates on financial instruments

    Interest rates on specified financial instruments tend to be lower the: (1) shorter the period to maturity. (2) greater the risk of default. (3) less liquid is the asset. (4) greater the expected rate of inflation. (5) greater the face value is relati