Law of Equal Marginal Advantage

I have a problem in economics on Law of Equal Marginal Advantage. Please help me in the following question. The very last cents spent on each and every good should give up equivalent subjective profits according to the principle of: (i) Subjective preferences. (ii) Satiation. (iii) Demand and supply. (iv) Equal marginal utilities per dollar. (v) Diminishing returns.

What is the precise option from the above.

View Complete Question

Related Questions in Microeconomics

Q : Illustrate ready-to-eat cereal industry

Brands of ready-to-eat cereal by Kellogg, Post, General Mills and Quaker [for example Frosted Flakes, Raisin Bran and Cheerios] account for more 85 percent of all breakfast cereals sold. Here the ready-to-eat cereal industry is an illustration of: (w)

Q : Average variable costs with marginal

All profit maximizing firms which are not shut down since demand never exceeds average variable costs will make where marginal revenue as: (w) excludes average revenue. (x) equals average variable cost. (y) equals mar

Q : Small market capitalization Why would

Why would stocks perform better in the month of January than other months of the year, and discuss whether small market capitalization companies outperform large capitalization companies in the short to medium term?

Q : New cost-saving technologies adopting

Firms are under greater pressure to rapidly adopt any new cost-saving technologies when an industry is: (i) closely regulated by government. (ii) controlled by professional managers instead of owners. (iii) dominated by a vast monopoly. (iv) highly co

Q : LEAST capable inventories of

A competitive firm is LEAST capable to adjust its inventories throughout the: (w) market period. (x) short-run. (y) intermediate period. (z) long-run. Hello guys I want your advice. Please recommend some views for above Eco

Q : Definition of Craft Unions I have a

I have a problem in economics on Craft Unions. Please help me in the following question. The craft union: (i) Is organized about a specific skill. (ii) Bargains for all the workers in a specific industry. (iii) Represents the workers, whereas an indus

Q : Goods and services Refer to the above

Refer to the above data. Choose the right answer from following. Zabella's balance on goods and services illustrates a: A) $5 billion deficit. B) $5 billion surplus. C) $10 billion surplus. D) $15 billion deficit.

Q : Externalities or public goods in purely

A purely competitive economy along with no externalities or public goods tends to be efficient since: (1) firms try to act socially responsible. (2) government planners specify the best allocation. (3) all prices approximate marginal social benefits a

Q : Zero economic profit in long run When

When the best a monopolist can do to produce an economic profit of zero, this will: (w) shut down in the long run. (x) shut down in the short run. (y) remain in operation in the long run. (z) raise its price to raise profit.

Q : Gini Coefficient in Loren Curve A Gini

A Gini coefficient for this demonstrated figure can be computed as: (w) area A minus area B. (x) area A × area B. (y) area C minus [area A + area B]. (z) [area A] / [area A + area B].

Discover Q & A

Leading Solution Library

Avail More Than 1442964 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1938108
Asked

3,689

Active Tutors

1442964

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment