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In “Diminishing Marginal Utility: It's a Law,” a writer for the Ludwig von Mises Institute explains the concept of diminishing marginal utility, gives a detailed example, and then concludes that the law of diminishing marginal utility is “irrefutably true.” In “The Law of Diminishing Marginal Utility and Debt Repayment” the author argues that each unit of debt he repays brings him greater additional happiness, therefore violating the “law” of diminishing marginal utility.
Which blog post do you find more convincing? Why?
Which of the following is an example of sexist language?
A sample of 50 provided a sample mean of 19.4. The population standard deviation is 2. what is the rejection rule using the critical value? What is your conclusion?
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1.00 per poster. She has fixed costs of $250.00. What is her AFC per poster if she prints 1,000 posters? What is her AFC..
When an economy experiences a one-time increase in productivity, there is an immediate increase in A) the saving rate B) consumption per worker C) the capital-labor ratio D) the depreciation rate
Find out the purchase price to gain thirteen percent compounded semiannually.
______The term used to refer to the raw materials, components, completed or partially completed products, and pieces of equipment a firm uses is
The markets will over produce goods that have external costs because
Radio City promises if you can find a lower advertised price for anything you bought at Radio City, anywhere in town within 30 days, it will return the difference plus 20 percent. A sophisticated game theoretic analysis suggests Radio City may be:
The demand curve and supply curve for one-year discount bonds with a face value of $1,000 are represented by the following equations: Bd : Price = -0.6 Quantity + 1140 Bs : Price = Quantity + 700 Suppose that, as a result of monetary policy actions, ..
Suppose that an unpopular president was leaving office, and a very popular candidate was elected, and this significantly increased the public's confidence in the future of the economy. Using the aggregate demand/aggregate supply model, elucidate t..
For the supply and demand curves in the diagram, the level of employment will be highest at: Allocative inefficiency in a labor market may be caused by:
do you consider important to our overall economic health and are things getting better or worse? Please use real-world facts (i.e. statistics) to back up your answer.
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