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 : Present Value and Rates of Return When

When the rate of return you calculate on an asset exceeds the interest rate: (1) competition for profit must make its price fall rapidly. (2) the price must fall rapidly. (3) the market is in long term equilibrium. (4) you should igno

Q : State government budget Government

Government budget: Government budget demonstrates the estimated receipts and estimated expenses of the government for 1-year.

Q : Conditions of producers equilibrium

Conditions of producers equilibrium: The conditions of producers equilibrium through the marginal cost and marginal revenue approach are as follows. 1. Marginal cost should be equal to marginal revenue.

Q : Minimum Required Quantity Demand An

An economic rent is earned when the owner of any resource as: (w) receives income greater than the minimum required to ensure that the quantity demanded is obtainable. (x) exerts control over the payment for the resource. (y) sells input services in a

Q : Labor History-Yellow Dog Contracts

Can someone help me in finding out the right answer from the given options. The worker who signed a yellow dog contract in the year 1920s agreed: (1) To support the union’s feather-bedding efforts. (2) Not to work with the ‘scab’ non-union strike-bre

Q : Calculating Economic and Accounting

Can someone help me in finding out the right answer from the given options. Net sales revenue of the Rusty Key Corporation for the year 2005 is $190,000. The net explicit costs incurred were $70,000, and net implicit costs were $65,000. The accounting profit is ____ a

Q : Llustration of the problem of Moral

Can someone please help me in finding out the accurate answer from the following question. Failing to lock your door whenever you go out since you have theft insurance is an illustration of the trouble of: (1) Indifference. (2) Apathy. (3) Moral hazard. (4) Market pow

Discover Q & A

Leading Solution Library

Avail More Than 1430167 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1949928
Asked

3,689

Active Tutors

1430167

Questions
Answered

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

Submit Assignment