--%>

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 : Income effect on leisure Can someone

    Can someone please help me in finding out the accurate answer from the following question. The individual’s labor supply curve is negatively sloped [that is, backward-bending] in the range of wages if the: (i) Demand for goods exceed the demand for leisure. (ii)

  • Q : Advantages to sole proprietorships and

    The benefits to sole partnerships and proprietorships associative to the corporations are that both contribute to: (1) Lack of permanence. (2) Limitless financial resources. (3) Limitless liability. (4) Simplicity of organization.

    Q : Maximize profit by manufacturing output

    All firms maximize profit by manufacturing output where is: (w) AC = MR. (x) MC = MR when maximum total revenue exceeds total variable costs. (y) MR is rising. (z) TR = TC. How can I solve my Economics

  • Q : Highest legal price for Whopper Slushees

    Beginning at equilibrium, a new highest legal price for Whopper Slushees set at P1 would: (i) cause people to purchase more Slushees and fewer cones from Dairy Queen. (ii) Reduce total market demand. (iii) Yield surplus demand and a scarcity. (iv) Inc

  • Q : When is demand perfectly price inelastic

    Demand is perfectly price inelastic when the quantity demanded for Pixie’s cheesy fried grits is of: (w) zero. (x) P4. (y) P2. (z) More information is required.

    Q : Profit Maximization and the Demand for

    Each and every profit-maximizing firm which can cover its variable costs will hire the labor: (1) Just to the point of the diminishing returns. (2) Just to the point where MRP = ARP for the final worker hired. (3) Beyond the point of the diminishing r

  • Q : Reasonable analytic objection to land

    A reasonable analytic objection to the argument which full taxation of economic rents would not hinder allocative efficiency is about: (w) reducing income streams by rents does reduce the incentive of the resource owner to acquire the transaction cost

  • Q : Economically non–viable industry What

    What happened when demand and supply curve do not intersect with each other? Answer: The outcome is: Economically non–viable industry.

  • Q : Labor Unions-supply of workers The

    The methods unions use to raise the wages of their members do not comprise: (1) Rising the demand for the union labor. (2) Establishing higher salaries and allotting work to members. (3) Facilitating the management plans to raise productivity. (4) Raising the supply o

  • Q : Demand of various vegetable why demand

    why demand change of onion in during one week due to change in it's price