Relationship between Total utility and Marginal utility
Describe the relationship between Total utility (TU) and Marginal utility (MU)? Answer: a) TU rises at diminishing rate whenever MU is declining and Positive. b) TU is maximum whenever MU is 0 (Zero).c) Whenever MU becomes Negative, TU refuses.
Describe the relationship between Total utility (TU) and Marginal utility (MU)?
Answer:
a) TU rises at diminishing rate whenever MU is declining and Positive. b) TU is maximum whenever MU is 0 (Zero).c) Whenever MU becomes Negative, TU refuses.
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At point b, in demonstrated figure the supply curve into this graph is: (w) perfectly elastic. (x) elastic, but not perfectly that why. (y) unitarily elastic. (z) inelastic. Q : Marginal revenue for the pure monopolist Give the answer of following question. Price exceeds marginal revenue for the pure monopolist because the: A) law of diminishing returns is inapplicable. B) demand curve is downsloping. C) monopolist produces a smaller output than would a purely competitive firm. D) d
Give the answer of following question. Price exceeds marginal revenue for the pure monopolist because the: A) law of diminishing returns is inapplicable. B) demand curve is downsloping. C) monopolist produces a smaller output than would a purely competitive firm. D) d
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