Problem on diminishing returns

I have a problem in economics on Problem on diminishing returns. Please help me in the following question. The principle of diminishing marginal utility is a contrast of the law of: (1) Comparative consumer benefit. (2) Diminishing returns. (3) Effective explanation. (4) Relative emulation.

Select the most appropriate option.

View Complete Question

Related Questions in Microeconomics

Q : Influences on union nonunion wage

Significant influences on union non-union wage differentials comprise the: (1) Proportion of an industry which is unionized and the frequency of strikes. (2) Frequency of strikes, inflation and the collective bargaining policies. (3) Collective bargai

Q : Maximum possible profitable firm A firm

A firm possessing important market power may suffer by managerial slack [X-inefficiency] and unessential high costs, which implies that, the firm: (i) is likely to be absorbed through a predatory rival. (ii) realizes less than the max

Q : Determine demand and supply when

If, throughout a period while video iPods are gaining popularity, the technology to create them enhances, in that case demand: (w) and supply would both decrease. (x) and supply would both increase. (y) increases when supply decreases. (z) decreases when supply

Q : Synonym of Word Inequity Of the given,

Of the given, the closest synonym for the word inequity is: (w) inequality. (x) disproportional. (y) unfairness. (z) regressivity. Can someone explain/help me with best solution about problem of Economics

Q : Quantity demanded in Substitution

I have a problem in economics on Quantity demanded in Substitution process. Please help me in the following question. The sales growth resultant from price cuts for a good reflects rises in: (i) Quantity demanded. (ii) Demand. (iii) Quantity supplied.

Q : Engel curve and the income effect I

I can't get the answer of this question of Engel curve. Help me in determining answer of this question. Describe relationship between the Engel curve and the income effect?

Q : Problem on economic profits A perfectly

A perfectly competitive market contain 60 firms, each along with a total cost function of TC = 10y2 + 80 and a marginal cost function of MC = 20y. The market demand function is ymd = 600 - 7py. a. If the market price is $80.00, how much wi

Q : Private demands and supplies to assign

Reliance on private demands and supplies to assign goods and resources is least certain to outcome an economically ineffective solution just because: (i) Producers encompass monopoly power. (ii) A good is non-rival and non-exclusive. (iii) Consumption

Q : Problem on opportunity cost of consumer

Refer to the given table. If the economy is producing at production alternative C, the opportunity cost of the tenth unit of consumer goods will be:

Q : Problem on Normal and Inferior Goods

Lobster is a normal good and peanut butter is a poorer good. When your income increases, you will most likely consume: (1) More of both the goods. (2) More lobster and less peanut butter. (3) More peanut butter and less lobster. (4) Less of both goods.

Discover Q & A

Leading Solution Library

Avail More Than 1460726 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1952413
Asked

3,689

Active Tutors

1460726

Questions
Answered

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

Submit Assignment