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

Author Question: The principle of decreasing marginal benefit means that as the quantity of a good consumed A) ... (Read 38 times)

segrsyd

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
The principle of decreasing marginal benefit means that as the quantity of a good consumed
 
  A) decreases, its marginal benefit decreases.
  B) increases, its marginal benefit decreases.
  C) increases, its total benefit decreases.
  D) None of the above answers is correct.

Question 2

Which of the following items has the largest price elasticity of demand?
 
  A) food
  B) fruit
  C) oranges
  D) oranges from a Wal-Mart SuperCenter


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


segrsyd

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
Wow, this really help

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

A good Mnemonic to know Mg K Ca Na A good Mnemonic to know Mg K Ca Na
Principle of a microcytotoxicity assay. Principle of a microcytotoxicity assay.
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 ...
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Physics- Density, Pressure and Pascal's Principle Physics- Density, Pressure and Pascal's Principle
Because the factor h on the right side of the Heisenberg uncertainty principle has units of ... Because the factor h on the right side of the Heisenberg uncertainty principle has units of ...
Video: Arthritis

For a complete list of videos, visit our video library