--%>
Assignment Help - homework help

Generating utility through production

I have a problem in economics on Generating utility through production. Please help me in the following question. The production generates utility by making a good more precious in: (1) Possession. (2) Time. (3) Form. (4) Place. (5) All the above.

Choose the best option from the above.

   Related Questions in Microeconomics

  • Q : Income Distribution in Development

    Income distribution tends to turn into more equal, statistically, while a country: (i) adopts central planning. (ii) becomes more developed and prosperous. (iii) relies more heavily on agriculture. (iv) reduces corporate tax rates. (v) adopts laissez-

    		•
  • Q : Capital Labor Ratios and Income Assume

    Assume that half of the world population, randomly certain, was magically vaporized through space aliens, although no other aspect of life onto Earth was influenced. Ignoring any psychological trauma that calamity might entail, upon average, the economic

  • Q : LEAST elastic demand of prevailing wages

    At prevailing wages the LEAST elastic demand for labor is probably faced by: (1) unskilled harvest workers. (2) garment workers. (3) assembly line workers. (4) dentists. Please choose the right answer from above...

    		•
  • Q : What is Oligopoly Oligopoly : This is a

    Oligopoly: This is a form of the market in which there are some big sellers of a commodity and a big number of buyers. There is a high degree of interdependence between the sellers regarding their price and output policy.

    		•
  • Q : Needs firm by maximizing profits for

    Maximizing profit needs every firm to manufacture the output level where marginal is: (i) revenue is maximized. (ii) cost equals the lowest possible  average total cost. (iii) revenue equals marginal cost. (iv) revenue exceeds ma

    		•
  • Q : Distribution of Wealth Wealth is

    Wealth is distributed within the United States such as the lowest quintile [20 percent] owns: (w) about 7% of all wealth; where the highest quintile owns 60%. (x) about 5% of all wealth; where the highest quintile has 40%. (y) less than 3% of all wealth; where the ric

    		•
  • Q : Words of Economic Rent about David

    David Ricardo: (w) was the originator of the theory of pure economic rent onto land. (x) believed that land rent was earned since land would not be available at a zero price. (y) observed that marginal land which is just barely helpful commands positi

    		•
  • Q : Comparative statics and consumer demand

    Explain the methodological procedure called comparative statics.  What does this procedure imply regarding the nature of the consumer demand curve?

    		•
  • Q : Prices and sales of normal goods The

    The growth of per capita national income would most likely rise the: (i) Prices of lard and employed tires. (ii) Federal budget deficit. (iii) Prices and sales of the luxury cars. (iv) Supply of untrained labor. Ca

    		•
  • Q : Properties of indifference curves

    Properties of indifference curves: The 3 properties of indifference curves are as shown below:A) Slopes downward from left to right: To consume more of onegood the consumer should give up li

    		•