« previous next »

Author Question: Along a consumer's demand curve, price reflects a. the costs of production b. the dollar value of ... (Read 63 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
Along a consumer's demand curve, price reflects
 a. the costs of production
  b. the dollar value of the total utility from the good
  c. the dollar value of the marginal utility of each additional unit of the good
  d. the maximum quantity that could be purchased, given income
  e. non-rational decision making

Question 2

The law of demand states that
 a. quantity demanded is inversely related to price
  b. quantity demanded is directly related to income
  c. marginal utility is inversely related to quantity consumed
  d. total revenue is directly related to price
  e. demand curves are linear


Anna

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

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.

Herbivore biomass is positively correlated with net aboveground primary production. Herbivore biomass is positively correlated with net aboveground primary production.
The age-dependent curve of salivary progresterone levels in three populations. The age-dependent curve of salivary progresterone levels in three populations.
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
(a) IgA. (b) IgA production. (a) IgA. (b) IgA production.
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Video: Ionic bonds - role of ions in the body

For a complete list of videos, visit our video library