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this is when a person changes taste when he is affected at the margin. If a price charged makes up a significant portion of his income, he won't buy the product. he is therefore being affected at the margin
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∙ 11y ago
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Which is a dimension or assumption of the marginal-utility theory of consumer behavior?
The consumer has a small income.
What is meant by dark side of consumer behavior?
people throwing things out that are perfectly useful to buy a replacement with marginal differences
What is the equation for marginal net benefits?
Marginal net benefits= Marginal benefit- Marginal cost
When a firm's marginal revenues are higher than its marginal cost?
Marginal cost is
If you have Marginal Cost and Marginal Damages how do you find the optimal level of output?
The optimal level of output is where marginal costs = marginal damages.
Which is a dimension or assumption of the marginal-utility theory of consumer behavior?
The consumer has a small income.
What is meant by dark side of consumer behavior?
people throwing things out that are perfectly useful to buy a replacement with marginal differences
What is the equation for marginal net benefits?
Marginal net benefits= Marginal benefit- Marginal cost
Type of placentation in a pride of barbados flower?
Parietal
When a firm's marginal revenues are higher than its marginal cost?
Marginal cost is
What is marginal profit?
In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.
If you have Marginal Cost and Marginal Damages how do you find the optimal level of output?
The optimal level of output is where marginal costs = marginal damages.
What is the Equation for the net benefits?
Marginal net benefits= Marginal benefit- Marginal cost
What war the 3 stages of production?
Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.
What is meant by marginal non marginal complete incomplete syndesmophytes?
In regards to marginal vs. non-marginal syndesmophytes. Marginal syndesmophytes (intervertebral bony bony bridges) are more commonly seen in ankylosing spondylitis. Where as non-marginal syndesmophytes are more commonly in reactive arthritis and DISH. Marginal syndesmophytes are delicate + symmetric; while non-marginal syndesmophytes are bulky + discontinuous.
What is the optimal level of pollution?
when marginal benefit is equal to marginal cost To be more specific: When the marginal damage cost of polluting is equal to the marginal abatement cost of polluting (or the marginal benefit of polluting, which is equivalent to the MAC)
If you have total cost and total benefit how do you get marginal cost and marginal benefit?
Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity
