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What is total utilitymarginal utility d low of diminishing marginal utility and draw the thoeretical mathematical diagramatically relationship between total and marginal utility?
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∙ 14y ago
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∙ 14y ago
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What is a diminishing relationship?
a diminishing relationship is a relationship that is fading away slowly....
Explain the difference between diminishing return of scale and economies of scale Provide examples if necessary diminishing return of scale?
Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output. Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output.
What is diminishing when used in a sentence for weather?
The word diminishing means decreasing in number, or more rarely in the affected area. "There will be diminishing showers today." "Fog will be diminishing later in the morning."
What is the opposite of diminishing joy?
Increasing Misery is the opposite of 'Diminishing Joy'
When was Diminishing Between Worlds created?
Diminishing Between Worlds was created in 2007.
If marginal utility is positive but diminishing then?
Total utility increases at a diminishing rate
What has the author Rosalind L Bennett written?
Rosalind L. Bennett has written: 'Indeterminacy with non-separable utility' -- subject(s): Diminishing returns, Economies of scale, Equilibrium (Economics), Mathematical models, Utility theory
Criticism of law of diminishing marginal utility?
the criticisma of the law of diminishing marginal utility
How do you use ever-diminishing in a sentence?
The world's nonrenewable resource reserves are ever diminishing.
How we can convert diminishing rate to flat rate?
diminishing rate / 1.85 = flat rate
What is a sentence with diminishing?
The value of the antique painting was diminishing with each scratch and crack that appeared on its surface.
Explain the merits and demerits of law of diminishing marginal utility?
explain the demerits of diminishing marginal utility
