Find out the marginal utility-demand curve, Macroeconomics

Assignment Help:

1.  What is law of diminishing marginal utility?

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

Pizza consumed

0

1

2

3

4

5

6

7

Total Utility

0

20

28

34

38

40

40

38

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?

 


Related Discussions:- Find out the marginal utility-demand curve

Climate and terrain in several south american countries, Climate and terrai...

Climate and terrain in several South American countries are conducive to growing coffee efficiently. While other countries can grow coffee, they are not as efficient and effective

International trade, why is international trade important south africa

why is international trade important south africa

What is inflation, Q. What is Inflation? Inflation between two points i...

Q. What is Inflation? Inflation between two points in time is defined as percentage increase of price index between these two points in time.  Comments: Price inde

Cost of raw materials annually, If you have $10,000 to start a lawn-cutting...

If you have $10,000 to start a lawn-cutting business, the interest rate is 6 percent, your annual cost of raw materials are $4,000, and the earnings you sacrifice from working at a

Investment multiplier, what is the formula for calculating investment multi...

what is the formula for calculating investment multiplier for 4 sector economy?

determine the total far-field, Four Hertzian dipoles (oriented in the z-di...

Four Hertzian dipoles (oriented in the z-dir.) are placed on an x-y plane with spacing (d=λ o /2) between them as shown in figure. a) Derive the array factor for this setup b

Major economic indicators, Discuss the three major economic indicators and ...

Discuss the three major economic indicators and how they are indicative of our current economic climate.

Determinants of balance of payments, Determinants of balance of payments: ...

Determinants of balance of payments: Broadly speaking, trend behaviour of merchandise exports and imports along with their  terms of  trade,  net invisible earnings and autono

Write Your Message!

Captcha
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