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Author Question: Which of the following statements is TRUE? (Read 33 times)

iveyjurea

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on: May 25, 2020

Question 1

Draw a supply curve that has a zero price elasticity of supply. What might be an example of a good with a zero price elasticity of supply?

Question 2

Which of the following statements is TRUE?
◦ Marginal utility is the ratio of total utility to the number of units of the good consumed.
◦ Both marginal utility and total utility come only from the last unit consumed.
◦ Total utility comes only from the last unit consumed and marginal utility comes from all units consumed.
◦ Marginal utility relates to the consumption of one more unit of the good and total utility relates to total units consumed.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by iveyjurea on May 25, 2020

micaelaswann

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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iveyjurea

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

kishoreddi

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Reply 3 on: Yesterday
:D TYSM

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