--%>

Relative utility-Consumer Equilibrium

Can someone please help me in finding out the accurate answer from the following question. The relative utility from the last dollar used up on food is the ratio: (i) Marginal utility of food or production cost of food. (ii) The Price of food or net grocery bill. (iii) Marginal utility of the food or price of food. (iv) Price of food or marginal utility of the food.

   Related Questions in Microeconomics

  • Q : Statement of Featherbedding I have a

    I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The featherbedding is: (1) Practiced through only migratory ducks and geese. (2) Practiced through female song birds on each spring. (3) Increasingly substitu

  • Q : Monopsonist problem I have a problem in

    I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The firm which is the sole buyer of a specific good or resource is the: (i) Monopsonist. (ii) Conglomerate. (iii) Price discriminator. (iv) P

  • Q : Define Marginal Utility Marginal

    Marginal Utility: It is addition more to the net or total utility as consumption is increased by one more unit of commodity.

  • Q : Neoclassical Production and Costs

    Normal 0 false false

  • Q : Export transactions Select the right

    Select the right answer of the question. U.S. export transactions create: A) a U.S. demand for foreign monies and the satisfaction of this demand decreases the supplies of dollars held by foreign banks. B) a U.S. demand for foreign monies and the satisfaction of this

  • Q : Demand of purely competitive firm for

    This purely competitive firm’s demand as in given figure for labor corresponds to: (1) line segment ab. (2) line segment bd. (3) line segment be (4) line segment df. (5) line segment dg.

    Q : Minimum Wage Laws I have a problem in

    I have a problem in economics on Minimum Wage Laws. Please help me in the following question. Minimum wage legislation has been promotes as a technique to: (i) Make sure that workers are paid beneath the subsistence salaries. (ii)  Perpetuate poverty. (iii) Maxim

  • Q : Budget for in-kind transfer payment

    Current budgets for transfers “in-kind” have developed most significantly for spending upon: (w) Medicare and Medicaid. (x) food stamps. (y) public housing. (z) grants to expand educational opportunity.

  • Q : Assumption of Ceteris paribus Can

    Can someone help me in finding out the right answer from the given options. Suppose that everything except the variables we are studying remains constant or steady is termed as the: (1) Ceteris paribus assumption. (2) Ex-ante assumption. (3) Ex-post assumption. (4) Po

  • Q : Total revenue and profit Monsieur

    Monsieur Cournot has a monopoly on an artesian well from that flows tasty spring water along with medicinal properties. To ignore variable costs, he insists which customers bring their own pails as well as fill them personally. When C