Market price in the Law of Equal Marginal Advantage

+44 141 628 6080
[email protected]

The marginal utility [that is, additional jollies derived from the final unit consumed] of each and every of the specific goods you purchase regularly is probably most intimately correlated with each and every good’s: (1) Consumer surplus. (2) Market price. (3) Value as a status symbol. (4) Net utility. (5) Producer’s surplus.

Find out the right answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Define monetary policy Define monetary

Define monetary policy? What monetary measure can be accepted to control the condition of excess demand? It is the policy accepted by central bank exercising control over money rate of interest and credit situatio

Q : Cross-elasticity of demand

Cross-elasticity of demand: The receptiveness of demand to modifications in prices of associated goods is termed as cross-elasticity of demand (i.e., associated good

Q : Illegal price collusion Illegal price

Illegal price collusion is probably when the market structure for an industry is: (1) monopolistic competition. (2) a monopoly. (3) an oligopoly. (4) pure competition. (5) contestable through exit and entry.

Q : Absolute value of price elasticity of

Moving by point a to point b to point c to point d to pint e beside demand curve D, then absolute value of the price elasticity of demand for DVDs video games is: (w) greater at lower prices than at higher prices. (x) constant and equal to minus one.

Q : Economies of scale in natural monopoly

Economies of scale which are substantial relative to market demand result within the market evolving to a: (w) contestable market. (x) collusive oligopoly. (y) natural monopoly. (z) "high tech" industry.

Q : Long-run supply curve in constant cost

When cranberries are a constant cost industry and that firm is typical, in that case the industry’s long-run supply curve is curve as: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E.

Q : Potential inefficiencies and inequities

Whenever someone paying for the service can’t completely monitor the behavior or aims of the person offering the service, there are potential inequities and inefficiencies caused by the: (1) Moral hazard. (2) Adverse selection. (3) Utilitarianism. (4) Principal-

Q : Economy affects in government spending

How do economy affects when there is reductions in government spending?

Q : Demand and supply An increase in

An increase in consumer desire for strawberries is most likely to: A) increase the number of strawberry pickers needed by farmers. B) reduce the supply of strawberries. C) reduce the number of people willing to pick strawberries. D) reduce the need for strawberry pic

Q : Short-run shut-down point for profits

Short-run shut-down point of the cranberry farm occurs at a price of: (i) P1. (ii) P2. (iii) P3. (iv) P4. (v) Not computable from these figures.

Discover Q & A

Leading Solution Library

Avail More Than 1413133 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1956988
Asked

3,689

Active Tutors

1413133

Questions
Answered

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

Submit Assignment