--%>
Assignment Help - homework help

Formula for the marginal utility

I have a problem in economics on Formula for the marginal utility. Please help me in the following question. The formula for marginal utility of good X is as: (1) MU = change in U/ change in X. (2) MU = U/X. (3) MU = U1 U2. (4) MU = change in X/change in U.

What is the accurate answer from the above answer.

   Related Questions in Microeconomics

  • Q : Determine demand when total revenue and

    When raising ticket prices for Brad Paisley concert tickets raises total ticket revenue, in that case the demand for the concert tickets: (i) perfectly price inelastic. (ii) relatively price inelastic

    		•
  • Q : Best statement of association between

    Which of the given is the best statement of the association between macroeconomics and microeconomics: (w) Macroeconomics and microeconomics deal along with totally independent types of problems. (x) A clear line splits microeconomic questions from ma

    		•
  • Q : Firm under perfect competition The firm

    The firm beneath perfect competition is a price taker by the reasons shown below:A) Number of firms: The number of firms beneath perfect competition is so big that no individual firm by changing sale, can cause an

    		•
  • Q : Potential inefficiencies and inequities

    Whenever someone paying for the service can’t completely monitor the behavior or aims of the person offering the service, there are potential inequities and inefficiencies caused by the: (1) Moral hazard. (2) Adverse selection. (3) Utilitarianism. (4) Principal-

    		•
  • Q : Interest rate in Determinants of Demand

    The demand curves for most of the nondurable consumer goods would be least influenced by modifications in: (i) Interest rates. (ii) House-hold income. (iii) Prices for related goods. (iv) Tastes and preferences. Ca

    		•
  • Q : Short-run supply curve for a

    For a competitive firm, the short-run supply curve is the portion of its: (w) AVC curve that lies above the ATC curve. (x) MC curve which rises above its AVC curve. (y) MC curve which is upward sloping. (z) AFC curve which lies above the MC curve.

    		•
  • Q : Dilemma model of prisoner When the

    When the Kroger grocery chain raises the price of Starbuck’s Frappuccino, in that case Safeway will remain its price the same. Although, if Kroger drops the price of Frappuccino, then Safeway will match the price cut. This kind of behavior conforms to the: (1) s

    		•
  • Q : Explain the term GNI per capita How do

    How do you explain the term GNI per capita?

    		•
  • Q : Good theory It is frequently said that

    It is frequently said that a good theory is one which can in principle be refuted by an empirical, data-oriented study. Describe why a theory which cannot be evaluated empirically is not a good theory.In evaluating theory there are two steps: f

    		•
  • Q : Value of Nonhuman Wealth The most

    The most unequally variable distributed for U.S. data would most likely be: (1) pre-tax and pre-transfer incomes 1929. (2) incomes after taxes and transfers 1975. (3) the value of nonhuman wealth 2005. (4) incomes after taxes and transfers 2005. (5) incomes before tax

    		•