--%>
Assignment Help - homework help

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.

   Related Questions in Microeconomics

  • Q : Determine total revenue with formula

    Please help me to solve the problem of total revenue that is given below: Total revenue can be computed by the formula as: (w) P + Q. (x) P * Q. (y) ep * P. (z) ep * Q. Hello gu

    		•
  • Q : Federal agricultural subsidies Federal

    Federal agricultural subsidies tend to be rapidly: (w) spent because most farmers lack sufficient budgeting skills. (x) capitalized in higher prices for farm land. (y) slashed while pressure mounts to cut the federal deficit. (z) absorbed from rising

    		•
  • Q : Maximizing utility from consumption of

    Given that a MU of French fries of 35 utils and a MU for serving of potato chips at 25 utils, when their respective prices are $1.50 and $.80, the person who wants to maximize utility from the consumption of both of such goods would consume: (i) The similar amount of

    		•
  • Q : Monopolistic Exploitation dilemma In

    In equilibrium for the price maker firm, the rate of monopolistic exploitation is the difference between: (p) P and MR. (q) P and MC. (iii) Total revenue and net cost per unit of output. (r) Output price and rate of monopsonistic exploitation. (s) VMP and MRP.

  • Q : Competition-Welfare Social problem The

    The purely competitive firm in the output market which hires from a purely competitive labor market will employ the labor at the point where VMP = W as the firm: (p) Operates in society's best interest. (q) Wants to be quite fair to workers. (r) Is egalitarian institu

    		•
  • Q : Determine possibly accurate order of

    Which of the given in lists of taxes or taxed goods is possibly in accurate order from most backward-shifted to most forward: (w) Tobacco, property, general sales and payroll. (x) Land, payroll, tobacco and property. (y) Tobacco, payroll, corporate in

    		•
  • Q : Problem on excise taxes The incidence

    The incidence (burden) of excise taxes on chandeliers, airline tickets, jewelry, and yachts, is most probable to be: (i) Proportional. (ii) Hierarchical. (iii) Regressive. (iv) Unfair. (v) Progressive. Please someo

    		•
  • Q : Perfect elasticity of demanded curve

    The graph of a demand curve which is perfectly elastic is: (1) positively sloped. (2) horizontal. (3) vertical. (4) negatively sloped. (5) a 45° diagonal line. Can someone explain/help me with

    		•
  • Q : Monopolies in short run Within the

    Within the short run, there monopolies can: (i) make economic profits. (ii) break even. (iii) make economic losses. (iv) All of the above. Hey friends please give your opinion for the problem of Economics <

    		•
  • Q : Problem-market supply of labor Can

    Can someone please help me in finding out the accurate answer from the following question? The marginal resource cost for monopsonist in the labor market which can’t wage discriminate: (p) Is perfectly elastic. (q) Is perfectly inelastic. (r) Lies above the mark

    		•