--%>

Instance Diminishing Marginal Utility

Assume that you were permitted to eat as many ‘free’ jelly beans as you want at present. Subsequent to a few, you start to eat more slowly and to select some flavors over others. You might ultimately stop eating a ‘free’ and enjoyable good since of the law of: (1) Diminishing marginal utility. (2) Demand. (3) Increasing external costs. (4) Supply.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Highest hourly wages rate and lowest

    From the given choices, in given graph Glynn would be happiest at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. 1669_Lab</span></p>
                                        </div>
                                        <!-- /comment-box -->
                                    </li>
   
   </td>
	</tr><tr>
		<td>
       
      <li>
                                        <div class=

    Q : Setting price and produces an output

    Assume that Babble-On’s patents for speech-translation software covering 314 languages lapsed, as well as entry of new competitors within this market eroded the demand for Babble-On software, but the firm retains several market powers since competitors’ pr

  • Q : Labor Supply-Elasticity I have a

    I have a problem in economics on Labor Supply-Elasticity. Please help me in the following question. When we try to list the labor supplies from least elastic to the most elastic, then the most accurate ranking would most likely be: (i) Competitive fir

  • Q : Determine inferior good by income

    As in below figure demonstrates how consumption of goods A, B, C, and D varies like a family’s income changes. Of such goods, the only inferior good: (w) good A. (x) good B  (y) good C. (z) good D.

  • Q : Effect of decreases price ceiling on a

    A government decrease of the price ceiling upon a good will: (w) result in a decrease into the excess demand for the good. (x) result within an increase in the excess demand for the good. (y) lead to a greater quantity supplied. (z) cause a reduction

  • Q : Pure competition and monopolistic

    Pure competition and monopolistic competition are: (1) polar opposites on the continuum of market structures. (2) the two market structures in that firms are pure quantity adjusters. (3) both characterized by an absence of barriers to long run entry a

  • Q : Expectations about future housing prices

    The market demand curve for latest houses would shift in response to a modification in: (i) Housing prices. (ii) The costs of lumber. (iii) Construction technology. (iv) Expectations regarding future housing prices.

    Q : Long-run supply curve in industry When

    When Christmas trees are a constant cost industry and such firm is typical, in that case the industry’s long-run supply curve is curve that is: (w) A. (x) B. (y) C. (z) E.

    Q : Transfers to the poor in-kind Transfers

    Transfers to the poor “in-kind” are probably to be favored over cash transfer payments through: (a) people who are skeptical that the poor can manage their income competently. (b) economists concerned with improving effici

  • Q : Illustrations of monopoly power The

    The best illustrations of monopoly power in the United States are possibly: (w) local public utility companies. (x) state university systems. (y) the national TV networks. (z) national defense firms. Hey friends pl