An? individuals demand curve is negatively sloped

Assignment Help Business Economics

Reference no: EM13887794

An? individual's demand curve is negatively sloped because...

A. of the law of diminishing marginal utility and the rule of equal marginal utilities per dollar.

B. marginal utility falls as the price falls.

C. the value of the marginal utility falls as the price falls.

D. of the rule that the marginal utility of the last unit must equal the price.

Reference no: EM13887794

Questions Cloud

Obtain the greatest present value of income : Which of the following payment terms should a professional athlete prefer in a “ten million dollar” five-year contract if the athlete wants to obtain the greatest present value of income?

International monetary arrangement : Consider a country that was debating whether to adopt the gold standard during the heyday of that international monetary arrangement. What difference would the level at which the price of gold was set by the central bank make for the level of economi..

Calculate the initial price of the bond : Suppose you purchased a 25-year, $2.5 million deep discount bond when it was intially offered. Four years later you sell the bond and market interest rates have risen from 6.25% to 8.54%. Calculate the initial price of the bond. Calculate the current..

Indifference curves that are higher than others necessarily : Indifference curves that are higher than others necessarily imply that for every given quantity of one good...

An? individuals demand curve is negatively sloped : An? individuals demand curve is negatively sloped because...

Statements about indifference curves is true : Which of the following statements about indifference curves is true

Producing level of output at which demand is inelastic : If a monopolist is producing a level of output at which demand is inelastic, the firm is not maximizing profits, and increasing output will decrease total revenue.

Devise pricing strategy to maximize your firms profits : As a manager of a chain of movie theaters that are monopolies in their respective markets, you have noticed much higher demand on weekends than during the week. You therefore conducted a study that has revealed two different demand curves at your mov..

Against four other firms by bidding for government contracts : You are the manager of a firm that competes against four other firms by bidding for government contracts. While you believe your products is better than the competition, the government purchasing agent views the products as identical and purchases fr..

User Account

All Pages