Is it possible for total utility to increase while marginal utility diminishes? Explain.
Question:
Is it possible for total utility to increase while marginal utility diminishes? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
Yes it is possible for total utility to increase while marginal utility diminishes In fact this is t...View the full answer
Answered By
HEMALATHA GOPAL
My way of teaching will be connecting through nature and make the students to understand the concept easily.My teaching aids are little different using technics like PowerPoint, video presentation, handmade flashcards.Have the subject knowledge and till today updating my subject knowledge.. have great subject knowledge in science, hindi and english.
Learning should be like creativity..Giving life to the concept and gaining knowledge.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Is it possible for marginal utility to be negative while total utility is positive? If yes, under what circumstances is it possible?
-
Is it possible for the average total cost curve to decline if the marginal cost curve is rising? Explain your answer.
-
Is it possible for marginal revenue to be negative for a firm selling in a perfectly competitive market? Is it possible for marginal revenue to be negative for a firm selling in a monopolistically...
-
Repeat Example 13.1, but for electrophilic substitution at C-2 or C-4 of pyridine. Explain why substitution at C-3 (eq. 13.2) is preferred. 4 H
-
Your small company produces and sells holsters for cell phones. During the past year, monthly inventory counts have shown about 100 holsters missing. Furthermore, a customer report gives you reason...
-
What is a position, and how is it established?
-
Describe how a firms financial situation is likely to affect its sales and its ability to attract employees and suppliers. AppendixLO1
-
Consider trade relations between the United States and Mexico. Assume that the leaders of the two countries believe the payoffs to alternative trade policies are as follows: a. What is the dominant...
-
Tyrell Co. entered into the following transactions involving short-term liabilities in 2017 and 2018. May 2017 Apr. 20 Purchased $35,500 of merchandise on credit from Locust, terms n/30. Tyrell uses...
-
If people do not have a complete mental picture of total utility for every level of consumption, how can they find their utility-maximizing consumption choice?
-
Would you expect marginal utility to rise or fall with additional consumption of a good? Why?
-
Is there a gender difference in highest year of school completed? Using the General Social Survey find out whether highest year of education completed (EDUC) differs by sex (SEX).
-
Question 4 25 p J Mart is considering purchasing a new inventory control system featuring state-of-the-art technology. Two vendors have submitted proposals to supply J Mart with the new system. The...
-
ME 2352 Design Optimization Assignment TWO, due February 6th, 2024, 4:00 pm University of New Brunswick Department of Mechanical Engineering 1. By use of definition of linear dependency determine if:...
-
IKEA's People and Planet Positive sustainability plan, launched in 2012, aims to contribute to a better life for people and a better future for the planet. The plan outlines several sustainable goals...
-
Question 4 [25 marks] A cantilever beam AB is fixed to a wall and is subjected to concentrated and distributed loads as shown in figure B1. a) Draw the free-body diagram of the problem. [5 marks] a)...
-
GMC is an Australian farm machinery manufacturer, operating since 1975. The company makes high-quality farm machinery and equipment including a range of slashers, mowers, aerators, mulchers and...
-
Derive a formula for the surface area generated by the rotation of the curve x = F(t) y = G(t) for a ¤ t ¤ b about the y-axis for x ¤ 0, and show that the result is given by -)...
-
The first national bank pays a 4% interest rate compound continuously. The effective annual rate paid by the bank is __________. a. 4.16% b. 4.20% c. 4.08% d. 4.12%
-
Why are adjusting journal entries needed?
-
Supplies were purchased on January 1, to be used throughout the year, in the amount of $8,500. On December 31, a physical count revealed that the remaining supplies totaled $1,200. There was no...
-
On July 1, a client paid an advance payment (retainer) of $10,000, to cover future legal services. During the period, the company completed $6,200 of the agreed-on services for the client. There was...
-
The Purple Face Mask Company is carefully examining its pricing based upon a change in product demand. Currently, the company uses a volume-based pricing system with direct labor hours as the cost...
-
Golden Manufacturing Company started operations by acquiring $150,000 cash from the issue of common stock. On January 1, Year 1, the company purchased equipment that cost $120,000 cash, had an...
-
On July 1, 2021, Empire Incorporated lends $8,400 to a customer and receives a 10% note due in two years. Interest is due in full on July 1, 2023, the due date of the note. What is the amount of...
Study smarter with the SolutionInn App