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 96 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
Thanks for the timely response, appreciate it

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Gangrene of the toes and foot as a result of an infection often means eventual amputation. Gangrene of the toes and foot as a result of an infection often means eventual amputation.
Many electronic components are used to construct a typical vehicle computer. Notice the quantity of ... Many electronic components are used to construct a typical vehicle computer. Notice the quantity of ...
Radiation Quantity and Quality Radiation Quantity and Quality
Good alignment for sitting posture. Good alignment for sitting posture.
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library