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 : Negative externalities in production

Production which generates negative externalities: (w) would lead to underproduction and overpricing of goods. (x) increases producers’ costs of production. (y) increases consumers cost of purchasing the good. (z) would cause the market price of

Q : Profit-maximizing competitor in short

This profit-maximizing pure competitor would close down within the short run when the price fell below the price resultant to: (i) point c. (ii) point d. (iii) point e. (iv) point f. (v) point g.

Q : Price floor for Whopper Slushees The

The government price floor for Whopper Slushees at P3 would result a: (i) shortage of Q1 – Q3. (ii) Excess of Q3 - Q1. (iii) Supply price of P1. (iv) Quantity demanded of Q2. (v) Demand price of P2.

Q : Effects of Moral Hazard When you pay a

When you pay a straight A student in advance to write your term-paper and that person spends money on the party and then decides not to do a fine job and hence you wind-up with an F for submitting sloppily written gibberish, you have just suffered since of: (i) Advers

Q : History-AFL-CIO The amalgamation of

The amalgamation of American Federation of Labor, representing the craft unions and the Congress of Industrial Unions, representing the industrial unions, happened in: (i) 1955. (ii) 1960. (iii) 1970. (iv) 1965. (v) 1975. Find out

Q : Economists conceive of any resource

Economists can’t conceive of any resource or product for which the: (i) Price elasticity of demand is zero (0) and the demand curve is vertical. (ii) Price elasticity of supply is zero (0) and supply curve is vertical. (iii) Income elasticity of

Q : Effects of Globalization on Indian

What do you mean by globalization and its effects on the Indian economy?

Q : Operating in the short run The computer

The computer hard disk manufacturer can make a decision how many people to hire and how many supplies to purchase however can’t change the size of factory. This organization is: (1) Operating in short run. (2) Operating in long run. (3) Vertically integrated. (4

Q : Determine marginal revenue and marginal

While this firm maximizes economic profits, in that case marginal revenue and marginal costs would be: (1) $4 per unit. (2) $6 per unit. (3) $8 per unit. (4) $10 per unit. (5) $12 per unit.

Q : Types of elasticity of supply Types of

Types of elasticity of supply: There are five kinds of elasticity of supply:1. Perfectly elastic supply:

Discover Q & A

Leading Solution Library

Avail More Than 1447623 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1940266
Asked

3,689

Active Tutors

1447623

Questions
Answered

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

Submit Assignment