« previous next »

Author Question: What is the marginal utility per dollar and how is it calculated? What will be an ideal ... (Read 56 times)

evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
What is the marginal utility per dollar and how is it calculated?
 
  What will be an ideal response?

Question 2

In which of the following countries are substantial co-payments typically required as a part of the health care system?
 
  A) Canada and the United States B) the United States and the United Kingdom
  C) the United States and Japan D) Japan and Canada.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


kusterl

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Answer to Question 1

The marginal utility per dollar equals the marginal utility of the good or service divided by its price. The marginal utility per dollar tells the additional utility gained from spending one more dollar on a good or service.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

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.
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
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 ...
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Gamete genotype frequencies calculated from genetic linkage data Gamete genotype frequencies calculated from genetic linkage data
Video: Inflammation and Fever

For a complete list of videos, visit our video library