Utility rises as more of an item is consumed

Assignment Help Business Economics
Reference no: EM131006056

Suppose that you observe that the total utility rises as more of an item is consumed. What can you say for certain about marginal utility? Can you say for sure that it is rising or falling or that it is positive or negative?

Reference no: EM131006056

Questions Cloud

Calculate the pw of investment : The mine must then be stabilized on an ongoing basis, which will cost $ 5 million per year in perpetuity. Calculate the PW of this investment, if the yearly interest rate is 5%.
Sketch the domain as a region in the xy plane : What is the domain of this function? Sketch the domain as a region in the xy plane. Write parametric equations for the intersection of this function with the function g(x, y) = x + y.
Write about the negative aspects of social computing : Prepare a Power Point, Discussion Points to lead/engage the audiance, and a 2 page paper, summarizing the points All about The negative aspects of Social Computing
Using to argue for the trade restriction on tires : Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported tires: A political pundit argues that the government should impose a tariff on tires because they are a necessary input into the production of vario..
Utility rises as more of an item is consumed : Suppose that you observe that the total utility rises as more of an item is consumed. What can you say for certain about marginal utility? Can you say for sure that it is rising or falling or that it is positive or negative?
Continue producing because variable cost are covered : When price p is above a price taking firm’s SAC, the price taking firm profits may be negative but it will choose to continue producing as long as variable cost are covered. When price p is above a price taking firm’s SAVC, but below its SAC, the pri..
Implementing software development project management : Assignment: Implementing Software Development Project Management Best Practices. Describe how the development-process framework provides opportunities for streamlining software development, increasing quality, and minimizing risk. Explain the dist..
Shopper is not expecting to develop personal identity : “The shopper is not expecting to develop a personal identity by choice of commodities; that would be too difficult. Shopping is agonistic, a struggle to define not what one is, but what one is not.” What does Douglas mean by this statement?
Direct costs recognized in an operating lease : When are initial direct costs recognized in an operating lease? In a direct financing lease? In a sales-type lease? Why?

Reviews

Write a Review

Business Economics Questions & Answers

  Analyst at the treasury department

As an analyst at the Treasury Department, you have been asked to predict the behavior of key macroeconomic variables for different scenarios on the state of policy between the US and Europe.

  Would such an agreement be an equilibrium

To Vote or Not to Vote: Mr. and Mrs. Ward typically vote oppositely in elections and so their votes “cancel each other out.” They each gain two units of utility from a vote for their positions (and lose two units of utility from a vote against their ..

  Government bond matures

A U.S government bond matures in 10 years. It's quoted price is now 96.4, which means the buyer will pay $96.40 per $100 of the bond's face value. The bond pays 5% interest on its face value each year. If $10,000 (the face value) worth of these bonds..

  How does social class impact a persons life

How does social class impact a person's life? How are we socialized to view social class in America, various groups in poverty, and how do these perceptions shape social policies?

  Operating margin

A clinic has $1 million in revenues and $950,000 in costs. What is its operating margin?

  Purchaser of the factor of production has reservation price

A supplier of a factor of production has a reservation price of $100. The purchaser of the factor of production has a reservation price of $200. If the factor of production is unique, then: Ingrid has been waiting for the show "Mamma Mia!" to come to..

  Attempt to bring lenders and borrowers the financial crisis

In an attempt to bring lenders and borrowers together following the financial crisis of 2008, the federal reserve made a large amount of new funds available to financial markets. Any of these loaned out by banks would be classified as __________ of t..

  Maker of home thermostats and smoke detectors

List the service that most likely to have network effects within 5 years. Google Fiber (providing GBit Internet access to homes) Purchase of Nest (maker of home thermostats and smoke detectors) Purchase of several robotics companies (Boston Dynamics,..

  Find the p-value associated with the test statistic

A beer distributor claims that a new display, featuring a life-size picture of a well-known athlete, will increase product sales in supermarkets by an average of at least 50 cases in a week. For a random sample of twenty supermarkets, the average sal..

  Wall street reform and consumer protection act

What factors led to the mortgage default crisis? How did mortgage defaults affect banks involved in mortgage lending and mortgage investing? Securitization? TARP? What do these mean? What are some of the major provisions of the Wall Street Reform and..

  Elucidate what would be p and q in a competitive industry

Elucidate what would be the P and Q in a competitive industry. Find CS and PS for a competitive industry and a monopoly. compare them.

  Q1 suppose the environmental standard is too stringent what

q1. suppose the environmental standard is too stringent. what does this imply about the relationship between the msc

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