Law of diminishing marginal utility

Assignment Help Basic Computer Science
Reference no: EM132202783

An important law in economics is the "Law of Diminishing Marginal Utility." What this law is, and provide an example of diminishing marginal utility you've encountered recently.

Reference no: EM132202783

Questions Cloud

What are the managed floating exchange rates : What are the managed floating exchange rates, and how are they used?
Relationship between tax rates and tax revenues : What does laffer curve tell us about the relationship between tax rates and tax revenues?
Calculate the unemployment rate : Calculate the unemployment rate with the data given above. Round the percent to te nearest tenth.
Legal forms of business organization : What are the three legal forms of business organization? which form of organization is dominant in the terms of total profits and why?
Law of diminishing marginal utility : What this law is, and provide an example of diminishing marginal utility you've encountered recently.
Maximum number of americans : If you were a political leader, what one thing would you change in the healthcare system to optimize access of health services to the maximum
Describe one critical health issue in your community : Describe one critical health issue in your community or state that has grown larger or has the potential to become larger
Market changes in the short run : How do perfectly competitive firms adapt to market changes in the short run?
Negative effect on the nation economy : Does current government spending have a negative effect on the nation's economy, or does it contribute to the nation's output in some way?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  What is the resulting orthonormal uvw basis

Show, that for a perspective transform, line segments that start in the view volume do map to line segments in the canonical volume after homogenization. Further, show that the relative ordering of points on the two segments is the same.

  What does happen to the supply curve and why

If there is a significant change in demand, the demand curve will shift but the supply curve will not. What does happen to the supply curve and why?

  Argument three arrays of strings

Compose a function (that_string.py) that takes as argument three arrays of strings, determines whether there is any string common.

  Big five personality profile

Complete the "What Is My Big Five Personality Profile?" self-assessment.

  Apply the five components of the information systems

How do you apply the five components of the information systems to an information systems application like "online bill pay" system offered by many banks.

  Current place of employment or an organization

Explain this use in your current place of employment or an organization you are familiar with. Describe concerns with properly controlling this flow, including keeping it safe from unauthorized use.

  Explain the two maastricht convergence criteria

1. Explain The two Maastricht convergence criteria as to debt & deficit levels 2. Explain Dani Rodrik's political trilemma of the world economy

  Example of a proactive technology

Security technologies can be grouped into two categories: proactive and reactive. Identify a real-world example of a proactive technology and an example of a reactive technology. Discuss how they support an organization's security posture.

  How would you define an erp system

Imagine that you need to conduct an in-depth assessment of an ERP implementation to identify what went well and what did not go so well. Prepare a list of 10 questions that would help you gather this information. Identify the key people (by busine..

  How would you classify operating systems

How would you classify operating systems. Give at most five classifications

  Outline of the subtopics

Submit a one page outline with your proposed term paper title, thesis statement, and an outline of the subtopics that you will cover in your paper. You may choose any Cyber Security topic. When choosing topic, make sure you are able to find relev..

  Determine the cashflow for the previous years leading

If I am trying to determine the IRR and I have an initial outlay of $1,422 and a single cash flow at the end of year 4 of $5,534

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