--%>
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 : Income in Lorenz curve of welfare When

    When you were unconcerned regarding the welfare of other people and your income placed you into the bottom five percent of the population, in that case you would be happiest when the Lorenz curve for your country resembled as: (1) line 0A0'. (2) line

    		•
  • Q : Labor Unions Strikes-Picket Lines I

    I have a problem in economics on Labor Unions Strikes-Picket Lines. Please help me in the following question. The striking workers who parade in front of the firm’s facilities carrying signs influence potential customers to boycott the firm&rsqu

    		•
  • Q : Form of Discrimination The form of

    The form of discrimination which probably causes the smallest problems for income distribution is: (1) occupational discrimination. (2) human capital discrimination. (3) price discrimination. (4) personal discrimination. (5) employment discrimination.

    		•
  • Q : Determine equilibrium by Price Ceilings

    Between the predictable results while government sets a maximum price below equilibrium are: (1) shortages. (2) queues. (3) black markets and corruption. (4) economic inefficiency. (5) All of the above.

    Q : Monopsonistic exploitation-labor union

    The labor union contracts, a comparable worth rule, or minimum salary laws might boost up equilibrium employment when a firm has been practicing: (i) Price discrimination. (ii) Monopolistic exploitation. (iii) Feather-bedding. (iv) Blacklisting. (v) Monopsonistic expl

    		•
  • Q : Rental Values of Property Rental values

    Rental values of property to a firm are POSITIVELY associated to the: (w) transactions costs incurred through the customers of the firm. (x) transportation costs of the firm’s resource suppliers. (y) physical characteristics which contribute to

    		•
  • Q : Reducing proportion of the work force

    The assertion which unions are more powerful nowadays than ever before is: (i) Supported by the consequences of the union contracts on an inflationary spirals. (ii) Reflected in the growing proportion of workers included in violent, protracted and costly strikes. (iii

    		•
  • Q : Constant shortages of a good problem

    Constant shortages of a good are nearly always attributable to: (1) legal ceiling prices which are set beneath equilibrium. (2) Recessions which yield maximum unemployment rates. (3) Price gouging by firms through monopoly power. (4) Legal price floor

    		•
  • Q : Problem on price level-real domestic

    Refer to the below diagram. Give me answer of this question. If equilibrium real output is Q2, then: A) aggregate demand is AD1. B) the equilibrium price level is P1. C) producers will supply output level Q1. D) the equili

    		•
  • Q : Marginal rate of substitution-marginal

    What is the marginal rate of transformation or marginal rate of substitution or marginal opportunity cost? Answer: It is the ratio of units of one good scarified to

    		•