Marginal utility than on deserted island

Assignment Help Business Economics
Reference no: EM13892182

On a sparsely populated island, high-speed Internet service would have a _____ marginal utility than in New York City, while in New York City quiet evenings would carry a _____ marginal utility than on a deserted island.

lower; higher

higher; higher

higher; lower

lower; lower

Reference no: EM13892182

Questions Cloud

In exchange for labor over the specified period : Indentured servants, whites bound to service for a limited amount of time, were an important part of the labor force in colonial America. In many areas, they outnumbered slaves during the 17C. In exchange for labor over the specified period, indentur..
Perfectly competitive firms are price takers : It is suggested that perfectly competitive firms are price takers. Althought one rarely, if ever, has an opportunity to test this in the real-world, it is equally rare that the customers goes into any business establishment and tells the seller what ..
Statement regarding the firms production plans : The CEO of major automaker overheard one of division managers makes the following statement regarding the firm's production plans: "In order to maximize profits it is essential that we operate at the minimum point of our average total cost curve". If..
Suppose decided to open copy store : Suppose you decided to open a copy store. You rent store (signing a one year lease),and you take out a loan at the local bank and use the money to purchase 10 copiers. Six month later a large chain opens a copy store two blocks away from yours
Marginal utility than on deserted island : On a sparsely populated island, high-speed Internet service would have a _____ marginal utility than in New York City, while in New York City quiet evenings would carry a _____ marginal utility than on a deserted island.
Massachusetts economics consultancy : According to Global Insight, a Massachusetts economics consultancy, what will happen if oil prices remain in the range of $65 to $70 per barrel for a couple of more months?
Design engineers creating high-end lighting fixtures : Josh and Alex work as design engineers creating high-end lighting fixtures. After one particularly enlightened afternoon, they decide to follow their dreams and open a cupcake bakery. Please sort their various costs, listed below, into the correct ca..
What does it cost you to attend the concert : You were able to purchase two tickets to an up-coming concert for $100 apiece when the concert was first announced three months ago. Recently, you saw that StubHub was listing similar seats for $225 apiece. What does it cost you to attend the concert..
Home games each month at the local baseball park : A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. Fill in the blanks The team earns $....... in..

Reviews

Write a Review

Business Economics Questions & Answers

  Agreement was unenforceable

Population growth in developing nations has proceeded at unprecedented rates ower the past few decades.

  What effect will this have on the US aggregate demand curve

Suppose that OPEC raises oil prices by 50 % in 1998. What effect will this have on the US aggregate demand curve? On the US short run aggregate supply Curve?

  Registered with the securities and exchange commission

Will the offering need to be registered with the Securities and Exchange Commission (SEC) under the Securities Act of 1933? Explain. Does your answer differ if “Shares in Learning” are issued by Private College, a proprietary for-profit institution t..

  Would introducing the new soft drink be the most profitable

Prior to 1999, PepsiCo did not have a product that competed directly against Sprite and had to decide whether to introduce such a soft drink. By not introducing a lemon-lime soft drink, PepsiCo would continue to earn

  Which states have the highest unemployment rate right now

Do you know which states have the highest unemployment rate right now? As businesses are downsizing in the recession, they are laying off a lot of people. What type of unemployment will then occur?

  What is plumbing supplies total annual inventory cost

Under its present policy of purchasing 5,000 sinks per order, what is Plumbing Supplies total annual inventory cost? Calculate the Economic Order Quantity for Plumbing Supplies Inc.

  Firm pollutes a stream

Suppose a firm pollutes a stream that has a recreational value only when pollution is below a certain level. If transaction costs are low.

  Calculate the optimal money growth rate needed for the fed

Suppose that people expect the Fed to hit its inflation target. A: Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run.

  Ruth decides to open a doggie sweater company

Ruth decides to open a Doggie sweater company. It costs her approximately $5 in wool costs, and she pays $3 in labour costs to her knitting ladies. Their group meets at a hall which costs approximately $50 for rent.

  Output for a simple production process

Output for a simple production process is given by Q = 2KL, where K denotes capital, and L denotes labor. The price of capital is $25 per unit and capital is fixed at 8 units in the short run. The price of labor is $5 per unit. What is the total cost..

  Describe two ways in which greater education

Describe two ways in which greater education opportunities for girls could lead to faster economic growth.

  Explain the rational consumer-marginal utility and price

Explain utility, total utility and marginal utility and the differences between them. Include examples.  Explain with examples the law of demand and the demand curve. Explain “the rational consumer, marginal utility and price.

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