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 98 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
Excellent

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Everyone has one nostril that is larger than the other.

The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Is the principle of cause and effect unfounded? Is the principle of cause and effect unfounded?
A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ... A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ...
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The Principle of Falsifiability The Principle of Falsifiability
Video: Pneumonia Animation

For a complete list of videos, visit our video library