At which level do you get greater marginal utility: 14 gallons per day or 22 gallons per

Question:

At which level do you get greater marginal utility: 14 gallons per day or 22 gallons per day? Why?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

See More Books

Question Posted: Apr 12, 2016 07:11 AM

See More Questions

Which gives you greater total utility: 14 gallons of water per day or 22 gallons per day? Why?
In 1995, Global Oil Corporation's Marketing and Refining (M&R) Division was the fifth largest U.S. refiner with 7,700 Global-branded service stations selling about 23 million gallons per day, or 7...
You learned in the chapter that the process of utility maximization involves a comparison of marginal utilities per dollar, which are calculated as marginal utility divided by price. Consider two...
Patients who undergo chronic hemodialysis often experience severe anxiety. Videotapes of progressive relaxation exercises were shown to one group of patients and neutral videotapes to another group....
Distinguish between the indirect method and the direct method for reporting net cash flows from operating activities. Which method is more common in practice? Which method provides a more logical...
Apply Greens Theorem to evaluate the integrals. f (y dx + x dy) C C: The triangle bounded by X = 0, x + y = 1, y = 0
Although Japanese investments in large, high technology U.S. businesses have won increasing attention recently, a number of small U.S. manufacturing firms are attracting Japanese capital as well....
Given the circuit shown in Fig. 19-36, use the words increase, decrease, or stays the same to complete the following statement: (a) If R7 increases, the potential difference between A and E____....
Evaluate Stephen Moehrle article 2010) on response to the Financial Accounting Standards Board's and International Accounting Standard Boatd's Joint Discussion paper Entitled preliminary views on...
Enter the following transactions in the ledger of A Baker and prepare a trial balance at 31 May, together with a calculation of the profit for the month and a balance sheet at 31 May. May 1 Started...
From 2000 to 2010 in the United States, the number of working men fell by 0.6 percent, while the number of working women grew by almost 4 percent. During this time, average wages for men grew by...
Suppose that strawberries sell for $3 per basket. Jim is considering whether to buy zero, one, two, three, or four baskets. On your own, create a plausible set of total and marginal utility numbers...
Find the five-number summary and the IQR for these data: 19, 12, 16, 0, 14, 9, 6, 1, 12, 13, 10, 19, 7, 5, 8
Nelsie Corporation has an outstanding 60-day 6% note receivable amounting to P 15,000 dated December of the ne year. The company is using the calendar year in preparing its financial statements. What...
Which resource is the bottleneck? What is the overall capacity of the orthopedist's office in patients/hour?
What are the comprehensive strategic implentation issues of Kmart with reference
1. Create both the written plan and the educational material to help African American women age 65+ control high blood pressure, take the special circumstances into consideration for the plan. 2. For...
Write down D & S equations for wireless phones; include two exogenous variables in each equation.
Demonstrate that you can reset a JShell session to remove all prior snippets and start from scratch without having to exit JShell and start a new session.
Using (1) or (2), find L(f) if f(t) if equals: t cos 4t
The same rightward shift of the demand curve may produce a very small or a very large increase in quantity, depending on the slope of the supply curve. Explain this conclusion with diagrams.
In 1981, when regulations were holding the price of natural gas below its free-market level, then-Congressman Jack Kemp of New York said the following in an interview with the New York Times: We need...
In 1981, when regulations were holding the price of natural gas below its free-market level, then-Congressman Jack Kemp of New York said the following in an interview with the New York Times: We need...
Bought an old van for 4000 from Peters promising to pay laterwhat is the transactions
Company has a following trade credit policy 1/10 N45. If you can borrow from a bank at 9,5% annual rate, would it be beneficial to borrow money and pay off invoices earlier?
Given the following exchange rates, which of the multiple-choice choices represents a potentially profitable inter-market arbitrage opportunity? 129.87/$1.1226/$0.00864/ 114.96/ B $0.8908/ (C)...

At which level do you get greater marginal utility: 14 gallons per day or 22 gallons per

Question:

Step by Step Answer:

To conclude I can say that the marginal utility ...View the full answer

Economics Principles and Policy

Students also viewed these Economics questions