Describe how marginal utility and the selling price

Assignment Help Macroeconomics
Reference no: EM13335667

Describe how marginal utility and the selling price of a goods/services determine: 1) Which goods and services are purchased first and 2) What quantities of a good or service are purchased. Explain fully.

Reference no: EM13335667

Questions Cloud

Key observation : Key observation
What is your approximate oscillation frequency : If you stand on a pogo stick, you note that its spring-loaded foot is pushed in about 18 cm. what is your approximate oscillation frequency
Evaluate the speed of the reaction when the concentration : calculate the speed of the reaction when the concentration of N2O5 is of 0.0100 M b) How long, in minutes, to wait before the N2O2 concentration is reduced from 0.500M to 0.200M
Calculate the price of a 8percent 1000dollar coupon bond : Calculate the price of a 8%, $1,000 coupon bond with 15 years left to maturity and a market interest rate of 5%. (Assume interest payments are semiannual.) Is this a discount or premium bond
Describe how marginal utility and the selling price : Describe how marginal utility and the selling price of a goods/services determine: 1) Which goods and services are purchased first and 2) What quantities of a good or service are purchased. Explain fully.
What is the present value of the same annuity due : If the present value of an ordinary, 20 year annuity is $5,000 and interest rates are 4%, what is the present value of the same annuity due
What is the net force on the hang glider : A hang glider and its pilot have a total mass equal to 113 kg. While executing a 360° turn, the glider moves in a circle with a 9 m radius. What is the net force on the hang glider
Compute theformation constant forag(s2o3)23 : calculate theformation constant forAg(S2O3)23- . Show yourcalculations with units and the correct number of significantfigures.
Calculate todays npv of the project by one year : Petroleum Inc. (PI) controls offshore oil leases. It is considering the construction of a deep-sea oil rig at a cost of $500 million. The price of oil is $100/bbl. and extraction costs are $50/bbl.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Economic efficiency and externality related problem

Use the data in the table to the right to answer the following questions. What is the external cost per unit of production? What level is produced if there is no regulation of the externality?

  Decline of the personal saving rate

During the 1990s, age cohort that grew the most rapidly was the 45-54 cohort, which has highest saving rate. Yet during that same period,

  How might consumption be affected by rising interest rates

Studies have shown a link between rising debt-to- GDP ratios and real interest rates. Investment is not the only category of spending that might be sensitive to interest rates.

  Illustrate what fiscal policy or policies would be the best

Illustrate what fiscal policy or policies would be the best to get it out of the recession

  When does marginal social benefit equal marginal social cost

Discuss perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings. Additionally, how does the proliferation of global trade and competition contribute to markets moving more awa..

  Define the demand and supply functions for sweatshirts

The demand and supply functions for sweatshirts (the basic grey kind) are as follows: Price Quantity Demanded (per period) Quantity Supplied (per period)  $10 14,000 21,000 9 14,500 18,000 8 15,000 15,000 7 15,500 12,000 6 16,..

  Assume market demand and supply

Assume market demand and supply are given. Equilibrium price of X is $100 per unit then producer surplus is.

  Would you still expect tax cut to cause currency appreciate

if a government initially has a balanced budget but then cuts taxes, it is running a deficit that it must somehow finance. suppose people think the government will finance its deficit by printing the extra money

  Difference in wage rates in developed and developing country

Describe why the general level of wages in high in US and other industrially advanced countries. Determine the single most important factor underlying the long run increase in average real wage rates in the US

  Discuss the behavior of firms in oligopoly markets

Critically discuss that there is no satisfying theory that explains the behavior of firms in oligopoly markets. Which theories should I include in the analysis and give some examples relevant to these theories?

  Analysis of price-quantity and diminishing returns

At the management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns". Is this statement correct? If so, why? If not, explain why no..

  Illustrate what is included in determining any of measure

Illustrate what is included in determining any of the measures of money supply. what happens to the equilibrium price level and output rate.

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