Quantity reflects the marginal valuation

Assignment Help Macroeconomics
Reference no: EM131299550

Consumer Surplus: The height of the demand curve at a given quantity reflects the marginal valuation of the last unit of that good consumed. For a normal good, an increase in income shifts the demand curve to the right and therefore increases its height at any quantity. Does this mean that consumers get greater marginal utility from each unit of this good than they did before? Explain.

Reference no: EM131299550

Questions Cloud

Write a program that grades an online quiz : For this assignment, you will write a program that grades an online quiz. The program asks the student to enter his/her answer to 10 multiple-choice questions.
Prepare a consolidation worksheet : ACCT302 Advanced Financial Accounting Assignment. Give all eliminating entries needed to prepare a consolidation worksheet for 20X9 assuming that Pie Co. uses the fully adjusted equity method to account for its investment in Strawberry Company
What is its percentageafter-tax cost of debt : Micro Spinoffs Inc. issued 20-year debt a year ago at par value with a coupon rate of 6%, paid annually. Today, the debt is selling at $1,130. If the firm's tax bracket is 30%, what is its percentageafter-tax cost of debt? Assume a face value of $..
Prepare a consolidated statement of comprehensive income : Prepare a consolidated statement of comprehensive income for the year ended 31 December 20X0.
Quantity reflects the marginal valuation : Consumer Surplus: The height of the demand curve at a given quantity reflects the marginal valuation of the last unit of that good consumed. For a normal good, an increase in income shifts the demand curve to the right and therefore increases its ..
Write a second main program that provides a menu : Write a second main program that provides a menu to allow the user to create a course, prompting the user for all of the course information,
Record journal entries for the transactions : Record journal entries for the following transactions for FY 2015. Make any computations to the nearest dollar. Journal entry explanations are not required. Use control accounts for revenues, expenditures and budgetary accounts. It is not necessar..
Provide an overview of the types of fee income : Provide an overview of the types of fee income your bank is generating.- How does it compare to the other income? What would their net income look like if you removed the fee income?
Evaluate the major sources of ethical problems in derivative : Evaluate ethical frameworks that may guide personal ethical decision-making when involved in derivatives or commodity markets.

Reviews

Write a Review

Macroeconomics Questions & Answers

  What is the nash equilibrium (or equilibria) in game

What is the Nash equilibrium (or equilibria) in  game?

  Assume worker productivity increased at the rate

Assume worker productivity increased at the rate what rate of increase in RGDP would be sustainable without increasing inflation pressures.

  Expansion and contraction are commonly utilize

Expansion and contraction are commonly utilize terms in economics and the media.

  Fixed costs or variable costs

In February 2015, Wal-Mart announced that it would increase the pay rate for all its lowest paid workers. Is this wage increase a growth in fixed costs or variable costs? Would it be affected by output? If Wal-Mart's sales drop off, how might the ..

  Assume you are the plant manager for crossroads sign

assume you are the plant manager for crossroads sign company which produces road signs in a market that approximates

  Relationship between electoral systems and party systems

Explain the relationship between electoral systems and party systems. Answers should be sure to assess this question from the perspective of both proportional representation and single-member districts and provide examples to support your points.

  Identifying misleading information in an argument

Identifying Misleading Information in an Argument: In the past ten years, most forms of drug use have dropped significantly, especially among teens.

  Major barriers for entry and exit

Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved t..

  Discuss what types of tariff are applied to the product

Discuss what types of tariff(s) are applied to this product and what effects these tariff(s) have on the relevant U.S. industry and, if you use a product your company produces, on your employer.

  Explain what happened in these two time periods

Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience.

  Determine how much can wells fargo lend to developer

How much can Wells Fargo lend to developer who will repay the loan by selling first 6 view lots out of 13 lots at $190,000 each 2 year from now Assume the bank will lend at a nominal 14% per year, compounded semiannually.

  Finding minimum price necessary for firm

Firms supply. Credit Check, Inc., offers credit checking services to credit card companies and retailers. What is the minimum price necessary for the firm to supply one thousand credit checks?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd