--%>

Satisfaction gained from consuming extra goods

The Law of Diminishing Marginal Utility defines that the: (i) Satisfaction gained from consuming additional units of a good ultimately decline. (ii) Extra cost of energy from the public utility will ultimately decline. (iii) MUa/Pa = MUb/Pb = ... = MUz/Pz. (iv) Ux/X = Uy/Y = ... = Uz/Z.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Formula for primary deficit What is the

    What is the formula for primary deficit? Answer: Primary deficit = fiscal deficit – interest payment.

  • Q : Supply of labor curve problem Can

    Can someone please help me in finding out the accurate answer from the following question. Employer with the monopsony power which as well had the ability to wage discriminate perfectly would tackle a marginal factor cost of labor

  • Q : Problem on siyazama production

    The table below  contains information about  the production possibilities frontier ( PPF or PPC)  of siyazama agricultural cooperative.

  • Q : Quantity demanded grows with price cut

    A price elasticity of demand coefficient of 2.5 approximately implies that: (1) quantity demanded rises 1 percent while price rises 2.5 percent. (2) quantity demanded grows 2.5 percent along with a 1 percent price cut. (3) price rises 2.5 percent whil

  • Q : Monopsony power without wage

    Can someone help me in finding out the right answer from the given options. The Minimum wage laws are most probable to increase the equilibrium employment when a firm has been exercising: (1) Monopoly power and price discrimination. (2) Employee choice in markets for

  • Q : What is Oligopoly Oligopoly : This is a

    Oligopoly: This is a form of the market in which there are some big sellers of a commodity and a big number of buyers. There is a high degree of interdependence between the sellers regarding their price and output policy.

  • Q : Minimizes economic losses by

    When it is feasible for total revenue to cover all variable costs, an unregulated monopoly which does not price discriminate maximizes economic profits or else minimizes losses through producing the r

  • Q : Pre-tax and pre transfer income

    From 1950, the pre-tax and pre transfer income distribution comprises: (w) become more equitably distributed. (x) remained about constant. (y) become less equitably distributed. (z) moderated because the rich and the poor both lost income to the middl

  • Q : Maximizes profit for output HoloIMAGine

    HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. It maximizes profit at: (i) output q1. (ii) output q2. (iii) output q3. (iv) output q4. (v) output q5.

  • Q : Important of economies of scale to

    Karl Marx's prediction which competition ultimately leads to monopoly is most likely to be valid while: (w) diseconomies of scale discourage competition. (x) there are always constant returns to scale. (y) economies of scale are important relative to