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 : Cross elasticity coefficient substitutes

When Ford raises pickup truck prices 20 percent and Chevy pickup sales rise 12 percent, in that case these goods are _____ as well as their cross elasticity coefficient is approximately _____. (w) complements; 0.6. (x) substitutes; 0.6. (y) subs

Q : Profit Maximization-total proceeds and

The entire profit maximizing organization will hire more labor up to the point where: (w) Average physical product of labor equivalents the nominal wage. (x) Last unit of labor adds uniformly to net revenue and net cost. (y) Marginal product of the labor is at its hig

Q : Determine a price taker from firm Of

Of the given firms, the probably to be a price taker would be a: (i) sheep herder in a remote part of New Zealand. (ii) local gas and electric company. (iii) sculptor’s agent who contacts potential buyers through the internet. (iv) small town&rs

Q : Statement of Featherbedding I have a

I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The featherbedding is: (1) Practiced through only migratory ducks and geese. (2) Practiced through female song birds on each spring. (3) Increasingly substitu

Q : Interdependent decisions of oligopolies

Industries dominated by some large firms whose decisions are interdependent are: (1) oligopolies. (2) monopolies. (3) cartels. (4) monopsonies. Please choose the right answer from above...I want your suggestion for the same.

Q : Production possibilities analysis Refer

Refer to the given diagram. As it associate to production possibilities analysis, the law of increasing opportunity cost is reflected in curve:1) A 2) B 3) C 4) D

Q : Increases in market demand and resource

If increases in market demand cause resource prices to raise, that resulting in higher average as well as marginal costs, an industry is: (i) experiencing diseconomies of scale. (ii) unprofitable in the long run. (iii) probably a natu

Q : Higher prices of good-Substitution The

The demand for Toyota Corollas will rise in response to: (i) Higher prices for Honda Civics. (ii) The decrease in price of steel. (iii) Honda offering enormous discounts to probable buyers. (iv) Technological progress for designing a car. (v) Higher safety ratings for

Q : Estimation of total revenue in specific

Total revenue can be measured such as area: (1) 0bcq1. (2) 0adq2. (3) 0Peq2. (4) aPed. (5) None of the above.

Q : Generating utility through production I

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.

Discover Q & A

Leading Solution Library

Avail More Than 1436600 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1928595
Asked

3,689

Active Tutors

1436600

Questions
Answered

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

Submit Assignment