--%>

Marginalism and Optimization

Most of the microeconomic models hinge on suppositions that all choices by each and every individual imitate attempts to: (1) Conform to social mores and cultural norms. (2) Propagate the individual’s gene pool into the future generations. (3) Balance the predicted personal marginal advantages of each and every activity with its predicted personal marginal costs. (4) Maximize accounting gains and minimize losses. (5) Achieve status, class and power.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Short-run supply curve for a

    For a competitive firm, the short-run supply curve is the portion of its: (w) AVC curve that lies above the ATC curve. (x) MC curve which rises above its AVC curve. (y) MC curve which is upward sloping. (z) AFC curve which lies above the MC curve.

  • Q : Average of incurring total fixed costs

    This brickyard is incurring total fixed costs which average about: (1) $200 daily. (2) $300 daily. (3) $400 daily. (4) $500 daily (5) $600 daily.

    Q : Increase of utility when marginal

    Generally, as more of a good is consumed, the point is ultimately reached where the total: (1) And marginal utility of the good increase. (2) And marginal utility of good drop. (3) Utility carries on rising however marginal utility drops. (4) Utility drops and its mar

  • Q : Equilibrium rate of monopsony

    I have a problem in economics on Equilibrium rate of monopsony exploitation. Please help me in the following question. Equilibrium rate of the monopsony exploitation by a firm is a difference between: (i) MRP and VMP. (ii) VMP and w. (iii) MFC and w.

  • Q : Equilibrium for a price maker firm I

    I have a problem in economics on Equilibrium for a price maker firm. Please help me in the following question. In equilibrium, for a price maker firm, the charge of monopolistic exploitation is any difference among: (1) P and MR. (2) P and MC. (3) VMP

  • Q : Idea of low price elasticity of demand

    Purposes for the very low price elasticity of demand for salt do not comprise the fact such that this: (w) has few good substitutes. (x) is currently relatively low priced. (y) absorbs only small percentages of most household budgets. (z) is sodium ch

  • Q : Consequence on inventories When planned

    When planned savings are bigger or smaller than planned investment, then what will be its consequence on inventories? Answer: It will raise or reduce the inventorie

  • Q : Illustrations of monopoly power The

    The best illustrations of monopoly power in the United States are possibly: (w) local public utility companies. (x) state university systems. (y) the national TV networks. (z) national defense firms. Hey friends pl

  • Q : Present Value and Rates of Return When

    When the annual interest rate is 12 percent and a rental house can be expected to rent perpetually for $1,000 monthly, rough computation suggests the house contain a present value of: (1) $240,000. (2) $144,000. (3) $100,000. (4) $72,000. (5) $12,000.

  • Q : Marginal revenue curve A monopolist

    A monopolist which does not price discriminate has a marginal revenue curve which slopes down faster than does the demand curve the monopolist faces since: (1) economies of scale are significant. (2) selling more requires lowering the