Relationship between price and marginal utility

Assignment Help Business Economics
Reference no: EM13735325

What is the relationship between price and marginal utility?

(a) Inversely related.

(b) Positively related.

(c) First positive, then inversely related.

(d) First inverse, then positively related.

Reference no: EM13735325

Questions Cloud

Prepare the executive summary : As the leader of this project for human resources, you will be required to prepare the executive summary that will include the following information:
Marketing managers strive to develop a marketing mix : In managing customer relationships, the three primary ways profits can be obtained are by, Marketing managers strive to develop a marketing mix
Responsibilities of various individuals and institutions : Review the information presented in the Learning Resources. Think about the changing roles and responsibilities of various individuals and institutions, such as:
Grandpa would like to deposit some money : Grandpa would like to deposit some money now for his grandson to have available to beginning withdrawing $25,000 per year for four years, starting 5 year from now. If the money earns 6% interest per year, the amount that Grandpa must deposit is close..
Relationship between price and marginal utility : What is the relationship between price and marginal utility?
Assume the firm has typical u-shaped cost functions : Assume that a firm's only variable input is labor. When 50 workers are used, the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500.
Write an essay on structure of republican party in virginia : First, review the lecture about the structure of the Republican Party in Virginia as an example. Select 1 of the major parties in your state to study.
What are her accounting cost and opportunity costs : A potential entrepreneur is trying to decide whether to open a new health spa. she presently makes $35,000 per year as an aerobics instructor and will have to give up this job if she opens the new health spa.if she chooses to open the spa,it will cos..
Identify logistics management strategies to resolve issue : Identify logistics management strategies to resolve the issues - Prepare a 2000 - 2500 word report analysing the issues in the case.

Reviews

Write a Review

Business Economics Questions & Answers

  Totally eliminate risks of accidents and deaths

Use economic analysis to explain why the optimal amount of product safety may be less than the amount that would totally eliminate risks of accidents and deaths. Use automobiles as an example.

  Qsuppose that a professor p has recruited a teaching

q.suppose that a professor p has recruited a teaching assistant mr. a. professor p needs to increase her payoff

  Q1 assume which chenyu expects his income to be 50000 per

q1. assume which chenyu expects his income to be 50000 per year until she retires. in addition he has accumulated

  Illustrate what price should the owners of blue skies

Illustrate what price should the owners of blue skies set for engines in order to avoid this problem and maximize overall profits.

  Elucidate why you might expect to see certain capital owners

Using the specific-factors model, elucidate why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital-abundant country.

  Illustrate what will be the changes with regard to prices

Illustrate what marketplace structure is more beneficial for Wonks to operate in also will this be the same marketplace structure which will benefit consumers.

  Q1 suppose that businesses buy a total of 170 billion of

q1. suppose that businesses buy a total of 170 billion of the four resources labor land capital and entrepreneurial

  Affect simple money multiplier

Federal Reserve lowers the required reserve ratio from 0.10 to 0.05. How does this affect the simple money multiplier.

  Q you are still a manager of a small wigest producing firm

q. you are still a manager of a small wigest producing firm. now there are 14 such firms including yoursin industry.

  What is the price of the product

If the marginal revenue from a product is $15 and the price elasticity of demand is ? what is the price of the product?

  Q1 the banking market in athens ohio currently has four

q1. the banking market in athens ohio currently has four banks with market shares of 60 percent 20 percent 15 percent

  Competitive equilibrium of market

A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive equilibrium of market.

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