--%>
Assignment Help - homework help

Relative value of additional unit of a good

In equilibrium, the relative value of an additional unit of a good to a specified consumer is approximately proportional to the: (w) marginal revenue to the firm that sold the good. (x) marginal production cost of the good. (y) relative market price of the good. (z) average cost of the best alternative to the good.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Price increases and price cut in

    Within the kinked-demand-curve model, there the firm faces: (w) a less elastic demand curve for price increases as well as a more elastic demand curve for price cuts. (x) a more elastic demand curve for price increases and a less elastic demand curve

    		•
  • Q : Interest rates of business investors in

    The interest rates business investors into economic capital should pay on a loan: (w) reflect the opportunity costs to society of funding one investment in place of another. (x) are relatively trivial investment costs by investors&rsq

    		•
  • Q : Problem regarding market demand curve

    Hey friends I need your help for illustrated figure in below where for cranberries, the market demand curve is: (i) A. (ii) B. (iii) F. (iv) J. (v) E. 1579_</span></p> </div> <!-- /comment-box --> </li> </td> </tr><tr> <td> <li> <div class=

    Q : Causes for diminishing returns to factor

    What are the causes for diminishing returns to factor? Answer: 1) Over utilization of

    		•
  • Q : Determine free-market equilibrium price

    In the year of 1983, the Reagan Administration introduced a new agricultural program known as the Payment-in-Kind Program. To distinguish how the program worked, let's assume the wheat market. Assume the demand function is QD = 28 - 2P and the supp

    		•
  • Q : Problem on Explicit Costs Can someone

    Can someone help me in finding out the precise answer from the given options. The explicit costs of the firm would not comprise: (1) Salaries paid to the employees. (2) The value of owner’s effort and time. (3) Electric bills automatically paid as the drafts on

    		•
  • Q : Entrepreneurs implicit cost Can someone

    Can someone please help me in finding out the precise answer from the following question. The entrepreneur’s implicit cost would comprise the: (i) Purchase price of the intermediate goods. (ii) Interest payments on loans. (iii) Value of the owner’s labor.

    		•
  • Q : Disadvantages of mixed economy system

    Tell me what are the disadvantages of mixed economy system?

    		•
  • Q : Cross elasticity coefficient substitutes

    When Ford raises pickup truck prices 20 percent and Chevy pickup sales rise 12 percent, in that case these goods are _____ as well as their cross elasticity coefficient is approximately _____. (w) complements;  0.6. (x) substitutes; 0.6. (y) subs

    		•
  • Q : Excise tax at highest average rate At

    At the highest average rate an excise tax will tax low incomes while: (1) only luxuries are taxed. (2) goods along with the highest income elasticity of demand are exempt. (3) goods along with the lowest income elasticity of demand are exempt. (4) no

    		•