Find out the marginal utility-demand curve, Macroeconomics

1.  What is law of diminishing marginal utility?

2.  Find out the marginal utility for the following schedule of consuming pizza

Pizza consumed









Total Utility









3.  Explain briefly the Utility maximizing Rule.

4.  How the demand curve can be derived from the utility Maximizing Rule?

5.  What is income and substitution effect?


Posted Date: 3/20/2013 4:04:04 AM | Location : United States

Related Discussions:- Find out the marginal utility-demand curve, Assignment Help, Ask Question on Find out the marginal utility-demand curve, Get Answer, Expert's Help, Find out the marginal utility-demand curve Discussions

Write discussion on Find out the marginal utility-demand curve
Your posts are moderated
Related Questions
A 90 o perfectly conducting corner cube reflector has a shortdipole (oriented in the z-direction) placed at a distance d from the vertex. The antenna is fed by current Io. a) F

What are the best criteria to select peers for a country ?

What is Frictional unemployment Individuals who are temporarily unemployed when transiting between jobs or just entering labour market. This kind is typically short in durat

state and explain two factors that cause the shifts in the balance of payments curve.

After some consultants point out that the Acme Toy Company has two bottlenecks in its production of xylophones and yo-yos. The first is a critical grinding machine that only has 9

Sara runs a small business assembling personal computers. This table shows her total cost at different levels of output. Number of computers produced

Commercial Banks: Balance Sheet The accompaning table gives the balance sheet of a commercial bank in a simplified format. The balance sheet contains particulars of a Bank's cu

Please explain each of the following terms and explain how each is used in the standard model. 1. Iso value line's 2. Production possibilities frontier 3. Indifference curve. You w

Public policies often alter the costs and benefits of private actions. Why is it important for policymakers to consider both the direct and indirect effects of public policies? Sel

Review the most current results of FORTUNE Magazine's annual ranking of America's "100 Best Companies to Work For." Explore the website of at least three of the companies noted. De