This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If Joey Kobayashi experiences diminishing marginal utility from eating hot dogs then A) the ... (Read 57 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
If Joey Kobayashi experiences diminishing marginal utility from eating hot dogs then
 
  A) the marginal utility from the next hot dog Joey eats will be negative.
  B) Joey is maximizing the marginal utility per dollar he receives from eating hot dogs.
  C) the additional satisfaction he receives from eating another hot dog will be less then the satisfaction he received from his eating his last hot dog.
  D) his total utility from eating hot dogs is negative.

Question 2

Refer to Figure 13-3. The marginal revenue from one additional unit sold is the sum of the gain in revenue from selling the additional unit and the loss in revenue from having to charge a lower price to sell the additional unit.
 
  Based on the diagram in the figure
  A) X represents the gain (price effect) and Y the loss (output effect).
  B) Y represents the gain (output effect) and X the loss (price effect).
  C) X + Z represents the loss (output effect) and Y the gain (price effect).
  D) X represents the loss (price effect) and Y + Z the gain (output effect).
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


captainjonesify

  • Member
  • Posts: 543
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Oil eating bacteria Oil eating bacteria
Common skin signs are often evidence of an illness or disorder. An erosion or ulcer is an eating or ... Common skin signs are often evidence of an illness or disorder. An erosion or ulcer is an eating or ...
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
The energy set-point view that is the basis of many people’s thinking about hunger and eating. The energy set-point view that is the basis of many people’s thinking about hunger and eating.
Halos, Sun Dogs, and Sun Pillars Halos, Sun Dogs, and Sun Pillars
A mother Eastern Grey Kangaroo (Macropus giganteus) with her joey feeds in Murramarang National Park A mother Eastern Grey Kangaroo (Macropus giganteus) with her joey feeds in Murramarang National Park
Video: Structures that affect circulation - heart and MABP

For a complete list of videos, visit our video library