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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?
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If marginal utility is positive will you have total utility increase with additional consumption?
If marginal utility is positive will you have total utility increase with additional consumption?
If marginal utility is positive but diminishing then?
Total utility increases at a diminishing rate
What is the assumption of the indifference curve?
There are 4 basic assumptions for indifference curve 1. Analysis is restricted to goods that yield positive marginal utility, or simply, more is better. 2.Marginal rate of substitution, MUx/MUy, or the ratio at which a household is willing to substitute Y for X. As you consume more of X and less of Y, X becomes less valuable in units of Y 3. Consumer have the ability to choose among the combination of goods and services available. 4. Consumer choices are consistent with a simple postulate of rationality. if A consumer prefer A to B and B to C , then when confronted consumer will prefer A to C as well.
A profit maximizing monopolist with a positive marginal cost of production will always?
Produce in the elastic range of the demand curve
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).
If marginal utility is positive will you have total utility increase with additional consumption?
If marginal utility is positive will you have total utility increase with additional consumption?
Is it impossible for marginal profits to decline if average profits are positive?
yes it is
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 is the assumption of the indifference curve?
There are 4 basic assumptions for indifference curve 1. Analysis is restricted to goods that yield positive marginal utility, or simply, more is better. 2.Marginal rate of substitution, MUx/MUy, or the ratio at which a household is willing to substitute Y for X. As you consume more of X and less of Y, X becomes less valuable in units of Y 3. Consumer have the ability to choose among the combination of goods and services available. 4. Consumer choices are consistent with a simple postulate of rationality. if A consumer prefer A to B and B to C , then when confronted consumer will prefer A to C as well.
Positive Reinforcement?
providing a reward
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.
A profit maximizing monopolist with a positive marginal cost of production will always?
Produce in the elastic range of the demand curve
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).
How positive are the consumer reviews of the 2003 Saturn Ion?
The consumer reviews on the two thousand three Saturn Ion are generally positive and this automobile is ranked as a 7.6 out of 10 on the Cars website.
What is the positive connotation of the word supportive?
Providing help or encouragement.
How positive are consumer reviews of the Fiat Freemont?
There are many different consumer reviews for the Fiat Freemont. The reviews for the Freemont are generally positive. One can find more reviews on the official Fiat website.
