An? individuals demand curve is negatively sloped

Assignment Help Business Economics
Reference no: EM13887794

An? individual's demand curve is negatively sloped because...

A. of the law of diminishing marginal utility and the rule of equal marginal utilities per dollar.

B. marginal utility falls as the price falls.

C. the value of the marginal utility falls as the price falls.

D. of the rule that the marginal utility of the last unit must equal the price.

Reference no: EM13887794

Questions Cloud

Obtain the greatest present value of income : Which of the following payment terms should a professional athlete prefer in a “ten million dollar” five-year contract if the athlete wants to obtain the greatest present value of income?
International monetary arrangement : Consider a country that was debating whether to adopt the gold standard during the heyday of that international monetary arrangement. What difference would the level at which the price of gold was set by the central bank make for the level of economi..
Calculate the initial price of the bond : Suppose you purchased a 25-year, $2.5 million deep discount bond when it was intially offered. Four years later you sell the bond and market interest rates have risen from 6.25% to 8.54%. Calculate the initial price of the bond. Calculate the current..
Indifference curves that are higher than others necessarily : Indifference curves that are higher than others necessarily imply that for every given quantity of one good...
An? individuals demand curve is negatively sloped : An? individuals demand curve is negatively sloped because...
Statements about indifference curves is true : Which of the following statements about indifference curves is true
Producing level of output at which demand is inelastic : If a monopolist is producing a level of output at which demand is inelastic, the firm is not maximizing profits, and increasing output will decrease total revenue.
Devise pricing strategy to maximize your firms profits : As a manager of a chain of movie theaters that are monopolies in their respective markets, you have noticed much higher demand on weekends than during the week. You therefore conducted a study that has revealed two different demand curves at your mov..
Against four other firms by bidding for government contracts : You are the manager of a firm that competes against four other firms by bidding for government contracts. While you believe your products is better than the competition, the government purchasing agent views the products as identical and purchases fr..

Reviews

Write a Review

Business Economics Questions & Answers

  About roosevelt new deal policies

Use “John Maynard Keynes – capitalism faces its challenge,” in Big Three in Economics by Skousen as your resource to answer the following questions: What was the economic context in which Keynes was writing? How did that affect his economic views? Wh..

  The cost of common equity

A new common stock issue that paid a dividend of $1.76 million last year. The firm's divendends are expected to grow at 6.1 percent, per year, forever. The price of the stock is currently $27.58. The cost of common equity

  Statement of stockholders equity and statement of cash flow

Review Netflix most recent balance sheet, income statement, statement of stockholders' equity and statement of cash flows. Pay particular attention to sales and net income for the last two years. Comment on 2-3 items that you find remarkable on any o..

  Elucidate why should industry continue to operate at a loss

You know that marginal cost of last unit is $30. Should industry continue to operate at a loss. Carefully elucidate your answer

  The nations technology and resource productivity

A nation's capital goods wear out over time, so a portion of its capital goods become unusable every year. Last year, its residents decided to produce no capital goods. It has experienced no growth in its population or in the amounts of other product..

  At the equilibrium point in the above graph

At the equilibrium point in the above graph, which of the following is false?

  The industry is confronted with government regulations

Assume that the industry wants to expand and has to make some long-term capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger.

  How would that fact affect contribute to the argument

Suppose the average annual temperature in the state of New York were to decline for three years in a row. How would that fact affect/contribute to the argument as to whether global warming is occurring and whether we should do something about it?

  Qassume that the economy can be described by the following

q.assume that the economy can be described by the following 3 equationsut-ut-1-0.4gyt-5 okuns lawpit-pit-1-ut-4

  Illustrate what we did not realize at the time

Illustrate what we didn't realize at the time was that our fixed costs were underestimated by at least 30 percent. This means that we will have to adjust our price upward by at least.

  Enough resources to completely prevent such future attacks

In response to the terrorist attacks of September 11, 2001, airline security screening increased dramatically. As a result, the travel time of airline passengers has increased substantially. Would it make economic sense to devote enough resources to ..

  Explain how each barrier can foster either monopoly

Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to protect consumers?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd