How can marginal utility be used as a guiding principle

Assignment Help Microeconomics
Reference no: EM131574363

Question - How can marginal utility be used as a guiding principle when deciding how many people to hire for a business? Select a business not already used by another student to use as an example.

Reference no: EM131574363

Questions Cloud

How can a companys cost of equity be determined : Do you agree with their decision? How can a company's cost of equity be determined? Is there a tax deduction from the use of debt financing? Please explain.
How should the ferryman proceed : Another famous puzzle used as an example in the study of artificial intelligence seems first to have appeared in a collection of problems.
Explain differences between consumer and producer surplus : Can you explain the differences between consumer surplus, producer surplus, and government surplus
Find winning sequences of moves for the vegetarians : The following is a variation of a famous puzzle often used as an example in the study of artificial intelligence.
How can marginal utility be used as a guiding principle : How can marginal utility be used as a guiding principle when deciding how many people to hire for a business
What was the most important event of world war ii : Leading up to WWII, Japan, Italy and Germany participated in particularly aggressive acts.How did these decisions create the conditions for upcoming global war.
Discuss the artificial intelligence program : In many applications of artifical intelligence, a knowledge base of information is collected and represented inside a computer.
Identify two projects or events that required an investment : Examine the structure and activities in your organization and identify two projects or events that required an investment.
Discuss ways that industrialization affected the us : Consider events that took place after the Civil War and discuss ways that industrialization affected the U.S. between 1865 and 1920.

Reviews

Write a Review

Microeconomics Questions & Answers

  Compare economic development strategies based on import

compare economic development strategies based on import substitutions versus export promotion. your 200 word answer

  Explain marginal utility

1) Suppose that ms. Spencer is presently spending all her budget purchasing 10 units of A and 8 units of B at prices of $2 and $4 respectively. The marginal utility of the last units of A and B are 16 and 24 respectively. These data suggest that..

  Suppose a firm has two factories with marginal costs given

suppose a firm has two factories with marginal costs given byfactory 1 mc1 20qfactory 2 mc2 40qthe firm faces a

  Determinant of demand for electronics in china

Prepare a report - The Report should including minimum the below points : Determinant of Demand for Electronics In China

  What are the possible harmful effects of oligopoly

What are some of the natural and artificial barriers to entry into oligopolistic industries?

  Repricing the employees stock options to shareholders

The WSJ recently reported that Juniper Networks plans to offer its more than 1000 employees opportunity to reprice their stock options.

  Monetary policy is hotly debated issue in government sector

Monetary policy is a hotly debated issue in government sectors. Decisions about these policies directly affect you as both a consumer, business person, and citizen. Discuss the current monetary policy of the Federal Reserve. What are they trying to a..

  Identifies significant supporting data or evidence

Identifies significant supporting data/evidence and evaluates its relevance and credibility; consistently distinguishes between fact and opinion.

  Dominican republic

THAT IS FOR Dominican Republic? You must choose a monomial or multinomial analysis track, the latter requiring econometric analysis. If you choose the monomial track, you should put greater emphasis on the analysis of whether your country or region a..

  A bagel shop in detroit have all been successfully sued

McDonalds, Starbucks, and a bagel shop in Detroit have all been successfully sued by customers who spilled hot coffee on themselves. The businesses claim their product was served to the correct specifications and was of proper quality. Are the compan..

  What is the monopolists optimal markup of price

What is the monopolist's optimal markup of price above marginal cost

  How government regulations impact the prices and quantities

Is there any particular pricing strategy being used by this Company? Show how government regulations impact the prices and quantities of their products.

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