« previous next »

Author Question: Water has a ________ marginal utility and brings a ________ consumer surplus; diamonds have a ... (Read 35 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
on: Jun 29, 2018
Water has a ________ marginal utility and brings a ________ consumer surplus; diamonds have a ________ marginal utility and bring a ________ consumer surplus.
 
  A) small; small; large; large
  B) large; large; small; small
  C) small; large; large; small
  D) large; small; small; large

Question 2

As perfectly competitive firms leave a market because they are incurring an economic loss, the price of the good ________ and the economic loss of each remaining firm ________.
 
  A) rises; increases
  B) rises; decreases
  C) falls; increases
  D) falls; decreases


duke02

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Salt water lake Salt water lake
Surface Water Resources Surface Water Resources
Claude Monet, Water Lilies, Morning: Willows (central section and right side). Claude Monet, Water Lilies, Morning: Willows (central section and right side).
Louis Comfort Tiffany, Tiffany Studios, Water-lily table lamp. Louis Comfort Tiffany, Tiffany Studios, Water-lily table lamp.
Water Helps Regulate Your Body Temperature Water Helps Regulate Your Body Temperature
The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling
Video: Component of feedback systems & Communication and regulation of body systems

For a complete list of videos, visit our video library