Zero or negative marginal utility of a good

Whenever the marginal utility of a good becomes negative or zero: (i) Goods are transformed to the bads. (ii) Net utility reaches the maximum and then declines. (iii) The maximum total advantages have been squeezed from good. (iv) People are unwilling to pay for additional units of the good. (e) All of above.

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

View Complete Question

Related Questions in Microeconomics

Q : Determine equilibrium at changing price

Within this kinked demand curve model, when this firm operated at point a and increased its price from P2 to P3 but other firms did not increase their prices, in that cases equilibrium for this firm would move to be: (w) point b.

Q : Negative Rate of Return by Financial

The financial investment probably to generate a negative rate of return is the: (w) cost of your college education. (x) purchase of a lottery ticket. (y) $25,000 each a group of business people paid to buy franchises within the American Football League into 1960 year.

Q : Calculation of total fixed cost of a

Hello friends I need your help to solve the problem that is given below: This firm's total fixed cost (TFC) can be calculated as area: (a) 0PeQ. (b) bPec. (c) aPed. (d) 0bcQ. (e) abcd.

Q : Least possible cost for primary economy

The least possible costs of alternative outcomes to the primary economic question of “what?” can be represented with the production possibilities curve through: (1) The slopes of movements all along the curve. (2) Shifting the curve up by

Q : Minimum-wage Select the right ans wer

Select the right ans wer of the question. Critics of minimum-wage legislation argue that it: A) keeps inefficient producers in business. B) reduces employment.C) undermines incentives to work. D) is deflationary.

Q : Negative slope of market-Law of demand

I have a problem in economics on Negative slope of market-Law of demand. Please help me in the following question. The negative slope of the market demand curves for normal goods areleast persuaded by: (i) Diminishing marginal utility. (ii) Inco

Q : Right-to-Work Laws I have a problem in

I have a problem in economics on Right-to-Work Laws. Please help me in the following question. The supporters of unions might complain that right to work laws frequently permit non-union workers to: (i) ‘Free-ride’ by enjoying the union-negotiated advantag

Q : Long Run-Firm can vary all inputs I

I have a problem in economics on Long Run-Firm can vary all inputs. Please help me in the following question. In long run: (1) Firm can vary all the inputs. (2) Firm can vary few inputs, however not all. (3) Capital starts to depreciate. (4) Output increases.

Q : Problem on Labor Union Goals Can

Can someone please help me in finding out the accurate answer from the following question. The higher union wages would be least likely to pursue: (1) Higher union initiation fees. (2) Mandatory retirement programs

Q : Weekly economic profit of profit

The profit maximizing firm currently here in illustrated graph can generate a weekly economic profit of approximately: (1) $29,000. (2) $31,500. (3) $34,000. (4) $36,500. (5) $39,000.

Discover Q & A

Leading Solution Library

Avail More Than 1448696 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1923547
Asked

3,689

Active Tutors

1448696

Questions
Answered

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

Submit Assignment