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

Author Question: The law of diminishing marginal utility implies it is possible that the marginal utility of my tenth ... (Read 122 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jul 1, 2018
The law of diminishing marginal utility implies it is possible that the marginal utility of my tenth pistachio nut is less than the marginal utility of my third pistachio nut, other things constant.
 a. True
  b. False

Question 2

Marginal utility is a measure
 a. of total utility derived from consuming a given amount of a good
  b. of the total utility gained from consuming an extra unit of a good
  c. computed by dividing total utility by the amount of a good consumed
  d. determined by production conditions in a market
  e. of the cost associated with consuming one more unit of a good


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


james

  • Member
  • Posts: 573
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

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?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Find the length of x to the nearest tenth of a unit. Find the length of x to the nearest tenth of a unit.
What is the value of cos θ, rounded to the nearest tenth. What is the value of cos θ, rounded to the nearest tenth.
Video: Neuron Type Animation

For a complete list of videos, visit our video library