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

Author Question: Water is very inexpensive. Thus the marginal and total utility of water is small. Analyze the ... (Read 78 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
Water is very inexpensive. Thus the marginal and total utility of water is small. Analyze the previous statements.
 
  What will be an ideal response?

Question 2

Globalization means that firms recruit top talent from the global talent pool. Globalization means that the payoffs won by the contest winners ________.
 
  A) increase in size
  B) do not change in size
  C) might increase, decrease, or not change depending on whether the demand for contests changes by more than, less than, or the same amount as the supply of contests.
  D) decrease in size


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nothere

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

Parts of the statement are true but a key part is false. Water is, indeed, very inexpensive and so its marginal utility is small. Because water is so inexpensive, the quantity people buy is large, which is why its marginal utility is small. However, water is essential to life. Hence the total utility of water is immense.

Answer to Question 2

A


Sportsfan2111

  • Member
  • Posts: 585
Reply 2 on: Jun 29, 2018
Gracias!

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

An inguinal hernia. A portion of the small intestine is protruding through the abdominal muscles int An inguinal hernia. A portion of the small intestine is protruding through the abdominal muscles int
The Geometry of a Total Solar Eclipse The Geometry of a Total Solar Eclipse
Surface Water Resources Surface Water Resources
A cutaway of a small block Chevrolet V-8 showing the passage from the cylinder head through the ... A cutaway of a small block Chevrolet V-8 showing the passage from the cylinder head through the ...
Diversion of surface water Diversion of surface water
Water-Soluble Vitamins Act as Coenzymes in Metabolic Processes Water-Soluble Vitamins Act as Coenzymes in Metabolic Processes
Video: Frequency of stimulation and force (Recruitment of motor units and force)

For a complete list of videos, visit our video library