Problem regarding law of Diminishing Marginal Utility

Can someone help me in finding out the right answer from the given options. According to the law of diminishing marginal utility, the longer that Chris and Lee kiss: (i) The less invested each will be in enduring this relationship. (ii) The closer they are to arriving their combined production possibilities frontier. (iii) The more utility Chris makes for Lee. (iv) After few point they will both enjoy each and every extra kiss less and less. (v) The more possible it is that Chris and Lee will get married.

View Complete Question

Related Questions in Microeconomics

Q : Firms sanctioned by state laws I have a

I have a problem in economics on Firms sanctioned by state laws. Please help me in the following question. The Firms sanctioned by state laws and considered lawful entities separate and dissimilar from their owners are: (1) Proprietorships. (2) Corpor

Q : Effect of total revenue on economic loss

The economic loss occurs whenever total revenue: (i) Is equivalent to the total costs. (ii) Fails to cover the opportunity costs. (iii) Surpasses opportunity costs. (iv) Surpasses the explicit costs. Can someone please help me in f

Q : Price charging by minimizing average

See a monopolist which cannot price discriminate but that maximizes profit. When this firm produces the level of output where is average cost at its minimum that will charge a price: (i) equal to marginal cost and generate zero economic profit. (ii) e

Q : Another name of micro economics What is

What is another name of micro economics? Answer: Price theory

Q : Comparison of absolute intensity among

The absolute intensity of one consumer’s preferences and tastes as compared to the absolute intensity of the other consumer’s tastes and preferences is as: (1) Dependent on the supplies of specific products. (2) Individually recognized in

Q : Determine economic rent by annual income

The philosophers in this demonstrated graph are enjoying economic rent equal to: (w) shaded area A. (x) shaded area B. (y) shaded area C. (z) the sum of the shaded areas.

Q : Question based on production

In drawing the production possibilities curve we assume that: 1) technology is fixed. 2) unemployment exists. 3) economic resources are unlimited. 4) wants are limited.

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 : Question on elasticity of demand Select

Select the right ans wer of the question. The demand for agricultural products is: A) relatively elastic with respect to price. B) relatively inelastic with respect to price. C) relatively elastic with respect to income. D) downward sloping to the individual farmer, b

Q : Characteristics of oligopoly in market

An oligopoly is a form of market structure described by: (w) its large number of sellers. (x) firms' capability to easily enter and exit the industry. (y) conscious interdependence. (z) price taker behavior.

Discover Q & A

Leading Solution Library

Avail More Than 1460378 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1923314
Asked

3,689

Active Tutors

1460378

Questions
Answered

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

Submit Assignment