--%>
Assignment Help - homework help

Market price in the Law of Equal Marginal Advantage

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.

   Related Questions in Microeconomics

  • Q : Average total cost curve in pure

    No firm can ever generate a pure economic profit unless this: (i) possesses some market power or monopoly power. (ii) can adjust both its level of output and the price of its products. (iii) faces a demand curve with a segment above its average total

    		•
  • Q : Demand for Complementary Goods Can

    Can someone help me in finding out the right answer from the given options. Reductions in the price of tea are most probable to raise the demands for: (i) Lemons, ice cubes and sugar. (ii) Cola, coffee and hot cocoa. (iii) Mint juleps, Daiquiris and moonshine. (iv) Va

    		•
  • Q : Long run and short run costs I have

    I have difficulty in this question. Provide me correct solution of this to submit my assignment. What is the relationship among long run and short run costs?

    		•
  • Q : Recognizing market demand for a good I

    I have a problem in economics on recognizing market demand for a good. Please help me in the following question. To determine the market demand for a good, add up the: (1) Quantities supplied at each and every price. (2) Quantities demanded at each and every price. (3

    		•
  • Q : Asymmetic Infomation The problem of

    The problem of asymmetric information is that: A. neither health care buyers nor providers are well-informed. B. health care providers are well-informed, but buyers are not. C. the outcomes of many complex medical procedures cannot be predicted. D. insurance companies are well-informed but poli

    		•
  • Q : Implicit Costs-Value of time

    Congratulations! You have made a fortune after establishing the firm which publishes bestselling books of the economic poetry. Your implicit costs comprise: (1) Salaries for your firm’s website designer. (2) The value of your time. (3) Fees for cleaning the serv

    		•
  • Q : Labor Productivity in Economic Capital

    Labor productivity tends to rise while: (1) the K/L ratio increases. (2) the K/L ratio decreases. (3) workers forego education. (4) capital becomes more expensive. (5) wage levels fall. Please choose the right answ

    		•
  • Q : Increase in the average Consumer Surplus

    The average prices for many goods tend to drop when Wal-Mart opens a store in the new market area. Such price cuts are most probable to yield rises in the average: (1) Economic gains of local restaurants. (2) Accounting Gains of local stores operated by the Sears, K-M

    		•
  • Q : Production possibilities curves Give me

    Give me answer of this question. The production possibilities curves following suggest that: A) West Mudville should specialize in, and export, baseball bats. B) West Mudville should specialize in, and export, both baseballs and baseball bats. C) East Mudville should

    		•
  • Q : Problem on amount of goods in

    The Economics students are most probable to recall conceptually the different determinants of amounts of a good which people will purchase when they contemplated an acronym based on how: (i) Much they will spend out of their initial paycheck whenever

    		•