--%>
Assignment Help - homework help

Marginal Utility-Consuming extra unit

The satisfaction gained from consuming an additional unit of the good is: (1) Always diminishing. (2) Its marginal utility. (3) Objectively measurable. (4) Equivalent to one util.

Choose the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Policies of wage discrimination Can

    Can someone help me in finding out the right answer from the given options. Both level of employment through a firm and the average rate of monopsonistic exploitation of labor are raised when a firm is capable to: (1) Outsource through hiring less productive workers i

    		•
  • Q : Purely competitive buyers and sellers

    Purely competitive buyers and sellers are: (w) price-takers. (x) price-makers. (y) powerless to make decisions. (z) quantity-takers. Hello guys I want your advice. Please recommend some views for above Econ

    		•
  • Q : Minimum value of investment multiplier

    Minimum value of investment multiplier: Investment multiplier K=1/1-mpcWhen mpc = 0 then K=1/1-0 = 1 that is the minimum value of investment multiplier

    		•
  • Q : Market Power-Demand for Labor I have a

    I have a problem in economics on Market Power and the Demand for Labor. Please help me in the given question. The lack of competition in product market outcomes in: (1) Less labor being hired than when the markets were competitive. (2) Many labor bein

    		•
  • Q : Marginal Resource Costs The word

    The word ‘marginal resource costs’ or ‘marginal factor costs’ signifies to the: (1) Additional cost included in generating an additional resource. (2) Additional cost included in generating an additional unit of the resource. (3) Additional cos

    		•
  • Q : Joint Profit Maximization Joint profit

    Joint profit maximization is least compatible along with the behavior of: (w) General Motors’ division in Chevrolet, Cadillac, Hummer, Delco Remy and Frigidaire, etc. (x) a successful cartel as like OPEC. (y) a collusive agreement leading to sha

    		•
  • Q : On which point demand appears to be

    On this demonstrated figure of demand curve for DVD games, demand appears to be approximately unitarily elastic at: (w) Q = O, P = $50. (x) Q = 10, P = $O. (y) Q = 5, P = $25. (z) No point on the demand curve.

    Q : Exploiting the economies of Scope Bobby

    Bobby Lee’s dairy has gainfully expanded beyond butter, fresh milk and cheese, by providing Organizmic Fertilizer, guided by ATV tours for the visitors, and Granny Lee’s Exfoliating Body Yogurt. The Clyde County Business News trumpets that the Bobby Lee ha

    		•
  • Q : Increasing elasticity of the demand for

    The elasticity of the demand for labor tends to rise as there are raises within the: (1) amount of capital utilized in a production process. (2) rate of automation in an industry. (3) difficulty in substituting between different resources. (4) share o

    		•
  • Q : Price increment for higher total revenue

    A price increase for Pixie’s cheesy fried grits by P1 to P2 would yield higher total as: (w) revenue because demand is price elastic. (x) supply since demand is unitarily elastic. (y) revenue since demand is price inelastic. (z) use of the

    		•