« previous next »

Author Question: What is the key assumption about marginal utility? What will be an ideal ... (Read 42 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
What is the key assumption about marginal utility?
 
  What will be an ideal response?

Question 2

Most doctors and hospitals operate as private businesses in all of the following countries except
 
  A) the United Kingdom. B) the United States.
  C) Japan. D) Canada.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

Generally, more consumption gives more utility. A key assumption about marginal utility is that it generally declines as more units of the good are consumed. This assumption is the principle of diminishing marginal utility.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jun 29, 2018
Thank you :)


stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

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

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Line analysis of Titian, Assumption and Consecration of the Virgin. Line analysis of Titian, Assumption and Consecration of the Virgin.
Although crassly put by the cartoonist, behind the glass ceiling lies this background assumption. Although crassly put by the cartoonist, behind the glass ceiling lies this background assumption.
The Number of Children Americans Think Are Ideal The Number of Children Americans Think Are Ideal
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ... A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ...
Video: Non-specific disease resistance mechanisms & Skin's defense barriers

For a complete list of videos, visit our video library