Marginal utility of a consumer

Assignment Help Macroeconomics
Reference no: EM131096214

When is marginal utility of a consumer is equal to average utility in a market where there is every kind of products and the consumer is constrained by scarcity choice?

Reference no: EM131096214

Questions Cloud

Advise the federal reserve chairman : Assume that you have been invited to advise the Federal Reserve Chairman about the direction of U.S. monetary policy for the year ahead.
Low income countries begin to experience economic growth : When low income countries begin to experience economic growth, they often do so at rates much higher than current growth rates of industrial nations. Which of the following does NOT provide an explanation of this phenomenon.
Considering expanding into international markets : You work for a hotel chain that is considering expanding into international markets and you are looking for the right person to help oversee that process. You identify a top employee at another firm who seems to have exactly the skill set needed to h..
An algorithm needs first sets computed : The algorithm presented in Figure 4.8 retains no information between invocations of FIRST. As a result, the solution for a given nonterminal might be computed multiple times.
Marginal utility of a consumer : When is marginal utility of a consumer is equal to average utility in a market where there is every kind of products and the consumer is constrained by scarcity choice?
What is the monthly loan payment : You just graduated college and want to celebrate by buying a new car. The car you like can be purchased for $35,000. Your old college clunker is worth $4,000 on a trade. The dealer is offering 0.9% per year financing on the entire purchase price. Wha..
What is the equation for demand : a. What is the equation for demand?  What is the equation for supply? b. At a price of $9, what is the price elasticity of demand?  What is it at price of $12?
How world war i lead to the treaty of versailles : Write an eight paged double spaced paper about the world war 1 and how it lead to the Treaty of Versailles.
What is big o notation : What is big o notation? Explain with example

Reviews

Write a Review

Macroeconomics Questions & Answers

  Determine the optimal facility size for the two regions

In the wake of the energy crisis in California, many electricity generating facilities across the nation are reassessing their projections of future demand and capacity for electricity in their respective markets. As a manager at Florida Power & L..

  Evaluate cross price elasticity of demand

What happens to his consumption of Y? Calculate the coefficient of price elasticity and of cross price elasticity. Also draw the demand curves for X and Y, noting the equilibrium points for this consumer before and after the price change in X.

  Provide a real-world business application for the game

Consider the following sequential game between two players, A and B. First, A chooses between "trust B" or "do not trust B." If A decides not to trust B the game ends and each player obtains a payoff of 0.

  Explain why long-distance phone service was orginally

For many years, AT&T was a regulated monopoly, providing both local and long-distance telephone service.Explain why long-distance phone service was orginally a natural monopoly.

  What use can you personally make from the relationship

Assuming that a production process uses the best available technology, it is said to be technically efficient and the production function will then indicate the maximum physical output. What use can you personally make from this relationship

  Investment can be increased both by reducing taxes on privat

Investment can be increased both by reducing taxes on privatesaving and by reducing the government budget deficit. a) why is itdifficult to implement both of these policies at the same time?

  Calculate the motel breakeven level

a. Calculate the motel's breakeven level. b. Calculate the revenue level that will provide operating income(before tax) of $65,000 a year.

  What are explicit and implicit costs of attending college

Why can the distinction between fixed costs and variable costs be made in the short run. Classify the following as fixed or variable costs: advertising expenditures, fuel, interest on company-issued bonds, shipping charges, payments for raw materi..

  In professional sports the decisions about tv contracts

in professional sports the decisions about tv contracts salary cap free agency entry in to a new market are made by

  What is the composition of gdp by percentage

What is the composition of GDP by percentage, what is the GDP per capita and  If government purchases go up in the short run, what happens to GDP?

  Implementing a new patent framework to promote innovation

Senator Patrick Leahy looks on as President Barack Obama signs into law the America Invents Act, a law Leahy had authored with the aim of boosting the rate of U.S. innovation via an overhaul of the nation's patent system.

  What did the central banks do to stabilize the financial sys

What did the central banks do to stabilize the financial systems in 2007-2009 and Describe when and why central banks buy either their own currency or the currency of another nation in an effort to control exchange rates.

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