--%>
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 : Cross-elasticity of demand

    Cross-elasticity of demand: The receptiveness of demand to modifications in prices of associated goods is termed as cross-elasticity of demand (i.e., associated good

    		•
  • Q : Income floor by marginal tax rate A

    A marginal tax rate of 75 percent and an income floor of ____ give in a break-even level of income of $8,000. (w) $2,000. (x) $4,000. (y) $6,000. (z) $16,000. Hello guys I want you

    		•
  • Q : Perfect competition ‘In the real world

    ‘In the real world there is no industry which conforms precisely to the economist’s model of perfect competition. This means that the model is of little practical value

    		•
  • Q : Help economics !! The market system's

    The market system's answer to the fundamental question "Who will get the goods and services?" is essentially: 1) "Those willing and able to pay for them." 2) "Those who physically produced them." 3) "Those who most need them." 4) "Those who get utility from them."

    		•
  • Q : Production falls and price of demand

    A candy factory generated 5.2 million packages of gummy worms in this year as well as sold them for $1.27 all. Last year this sold 4.7 million packages of gummy worms of $1.36 all. Such firm’s gummy worms have price elasticity of demand roughly

    		•
  • Q : Short run in Substitution process In

    In the short run, simple and cheap new cures for cancer and heart disease would most likely decrease the: (i) Gains of tobacco companies. (ii) Absentee rates of nearly all young workers. (iii) Demands for the hospital beds in intensive care units. (iv) Supplies of doc

    		•
  • Q : Range of market demand in market

    When economies of scale in producing a product persist across the complete range of market demand as: (w) pure competition is the most efficient market structure. (x) competition will prevent monopolization of the industry. (y) compet

    		•
  • Q : Market-period supply curve For a purely

    For a purely competitive industry a market-period supply curve would be: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E.

    Q : 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.

  • Q : Problem regarding borrowing from

    The main source of external funding employed when major American corporations contain expanded their operations in the precedent three decades has been: (1) Borrowing from commercial banks. (2) Selling the record amounts of latest corporate stock. (3) Borrowing via is

    		•