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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 true of the marginal cost of providing a pure public good to one more consumer a. It is positive b. It is equal to zero c.It is equal to the original cost of the good?
The marginal cost of providing a pure public good to one more consumer is equal to zero. This is because public goods are non-excludable and non-rivalrous, meaning that one individual's consumption does not reduce availability for others, and providing the good to an additional consumer does not incur additional costs.
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
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 true of the marginal cost of providing a pure public good to one more consumer a. It is positive b. It is equal to zero c.It is equal to the original cost of the good?
The marginal cost of providing a pure public good to one more consumer is equal to zero. This is because public goods are non-excludable and non-rivalrous, meaning that one individual's consumption does not reduce availability for others, and providing the good to an additional consumer does not incur additional costs.
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
Is -5 marginal revenue positive negative or zero?
A wild guess is that it is negative.
If marginal utility is positive but diminishing then?
Total utility increases at a diminishing rate
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)
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.
What is the of plus?
additional, positive, extra
Is an increase in GDP a positive sign for an economy?
positive
What will happen to the utility of a good as more of it is consumed?
The marginal utility will diminish (that is, it remains positive but its incremental change is negative).
