« previous next »

Author Question: What is the key assumption about marginal utility? What will be an ideal ... (Read 44 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?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

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

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and
The Number of Children Americans Think Are Ideal The Number of Children Americans Think Are Ideal
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
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 ...
Video: Sperm Formation

For a complete list of videos, visit our video library