Q) If total utility declines, can a marginal utility be positive? Explain your answer.
Would be greatly be appreciated if answered in 5 sentences and by your own,
When total utility declines then marginal utility will become negative, This is due to law of diminishing marginal utility and as per this law when one starts increasing the consumption of a commodity, say, coffee then with an additional increase in the quantity the marginal utility which a person gets starts decreasing and as the person continues to increase consumption of a commodity. i.e. coffee his/her marginal utility will keep on decreasing and his total utility will increase with a decreasing rate till a point when it becomes maximum and then it starts declining and marginal utility also becomes negative.
Q) If total utility declines, can a marginal utility be positive? Explain your answer. Would be...
Q) The supply of a good declines. Will total revenue after the decline in supply be greater than, less than, or equal to total revenue before the decline in supply? Explain your answer. Would be greatly appreciated if the answered in 5senteces by your own, not copy and paste one
Q) Give an example of an interpersonal utility comparison Would be greatly appreciated if answered in 5sentences and by your own
Is it possible for the average total cost curve to decline if the marginal cost curve is rising? Explain your answer. Would be greatly appreciated if it answered in 5sentences by yout own not copy and paste
Q) Is the current Anti-trust law outdated ? why? For example, Sherman Act of 1890 has only 769 words, if so, what reform is necessary for the current anti-trust law? Would be greatly appreciated if answered is in 5 sentences and by your own
H) Why is the level of output where marginal revenue equals marginal cost called as the profit-maximizing output? prove it in a logical way would be greatly appreciated if it is answered in 5sentences by your own
Q3. Is it possible for marginal utility to be negative while total utility is positive? If yes, under what circumstances is it possible?
Diminishing Marginal Utility I. TOTAL AND MARGINAL UTILITY DE UTILITY CALCULATIONS Total Utility Quantity Consumed Total Utility Marginal Utility 10 2 3 4 5 6 0 1 Marginal Utility Quantity Consumed 10 Prev 1 of 3 Score answer >
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Number of Cookies Total Utility Marginal Utility Number of Pretzels Total Utility Marginal Utility 30 30 Hide commants V 2) Suppose you have a budget of $8 and cookies and pretzels cost $1 each. What is the utility maximizing combination of cookies and pretzels? How much total utility does the consumer receive? 3) Suppose the price of cookies rises to $1.50, and the price of pretzels remains the same. What is the new utility maximizing combination of cookies and pretzels?...
Q) Do you think Monopoly business practice is so bad for the general public's welfare? why? or why not? Explain based on cost and benefit analysis of social welfare. Would be greatly appreciated if the answered in 5sentences by your own, not copy and pasted