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If marginal utility is positive will you have total utility increase with additional consumption?
Wiki User
∙ 14y ago
If marginal utility is positive will you have total utility increase with additional consumption?
Wiki User
∙ 14y ago
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What does a marginal utillity curve shows?
It shows how much utility you would get for each unit of consumption. It has a positive slope that decreases as the unit of consumption increases due to the law of diminishing returns.
Can a marginal tax rate ever be negative?
I don't think so. A marginal rate is the amount you pay on the next $ of income. As our tax brackets are progressive, and with the additional income you get no more exemptions/deductions than the previous, it would seem it would have to be positive...or at least as positive as you were before, (so if the marginal increase still means you get taxable income (from child care, or earned income credit, etc.) I guess your entire effective rate would be negative.
What is the importance of marginal utility in micro economics?
Marginal utility is an economic concept that determines how much of an item a consumer will buy. Positive marginal utility happens when the consumption of the additional item increases. On the other hand, negative marginal utility occurs when the consumption of additional item decreases.
If marginal utility is positive but diminishing then?
Total utility increases at a diminishing rate
Is an increase in GDP a positive sign for an economy?
positive
What does a marginal utillity curve shows?
It shows how much utility you would get for each unit of consumption. It has a positive slope that decreases as the unit of consumption increases due to the law of diminishing returns.
Can a marginal tax rate ever be negative?
I don't think so. A marginal rate is the amount you pay on the next $ of income. As our tax brackets are progressive, and with the additional income you get no more exemptions/deductions than the previous, it would seem it would have to be positive...or at least as positive as you were before, (so if the marginal increase still means you get taxable income (from child care, or earned income credit, etc.) I guess your entire effective rate would be negative.
What is the importance of marginal utility in micro economics?
Marginal utility is an economic concept that determines how much of an item a consumer will buy. Positive marginal utility happens when the consumption of the additional item increases. On the other hand, negative marginal utility occurs when the consumption of additional item decreases.
Is it impossible for marginal profits to decline if average profits are positive?
yes it is
What is the explanation for the outcome of the Mexican Revolution?
Positive outcomes:- 1 - Increase in Production / yield. 2 - Advantage to farmers: this includes their economic situation improving, even small and marginal farmers (althou… (MORE)
If marginal utility is positive but diminishing then?
Total utility increases at a diminishing rate
Is -5 marginal revenue positive negative or zero?
A wild guess is that it is negative.
What has to happen to a car's acceleration and velocity for a car's speed to increase and have a positive acceleration?
The velocity has to increase in a positive direction. The increase in velocity in a positive direction is a positive acceleration.
What is the of plus?
additional, positive, extra
How would you react to a sales managers announcement that he or she has in place a marketing program to maximize sales?
Since Marginal cost is usually positive, you would expect the outcome of the audience to be excited. The sales should be scaled down until the marginal scales exceed the marginal profit.
Is an increase in GDP a positive sign for an economy?
positive
A profit maximizing monopolist with a positive marginal cost of production will always?
Produce in the elastic range of the demand curve
