« previous next »

Author Question: The table below shows how the total utility that Alan derives from watching basketball games changes ... (Read 167 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
The table below shows how the total utility that Alan derives from watching basketball games changes as he watches more and more games each week:
 
  Basketball Games Total Utility Marginal Utility
  1 55
  2 85
  3 110
  4 130
  5 145
  6 155
  Fill in the table above. Do the numbers in the table support the law of diminishing marginal utility? Explain.

Question 2

Which of the following is an advantage of starting a new business as a corporation?
 
  A) ease in setting up B) low expenses of legally organizing
  C) double taxation D) greater ability to raise funds
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


chjcharjto14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

Yes, the numbers in the table show diminishing marginal utility. Marginal utility falls as each additional basketball game is watched.
Basketball Games Total Utility Marginal Utility
1 55 55
2 85 30
3 110 25
4 130 20
5 145 15
6 155 10

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
This illustration shows the decibel level in various locations and associated with different ... This illustration shows the decibel level in various locations and associated with different ...
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Table Tennis Racket Table Tennis Racket
A karyotype shows this child has three copies of chromosome 21. A karyotype shows this child has three copies of chromosome 21.
Letter Frequency Table Letter Frequency Table
Video: Red alga life cycle Animation

For a complete list of videos, visit our video library