Is it possible for marginal utility to be negative while total utility is positive? If yes, under
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Yes it is possible Total utility rises as long as marginal utilit...View the full answer
Answered By
PU Student
cost accounting
financial accounting
auditing
internal control
business analyst
tax
i have 3 years experience in field of management & auditing in different multinational firms. i also have 16 months experience as an accountant in different international firms. secondary school certification.
higher secondary school certification.
bachelors in mathematics.
cost & management accountant
4.80+
4+ Reviews
10+ Question Solved
Related Book For
Microeconomics A Contemporary Introduction
ISBN: 978-1111415921
9th edition
Authors: William A. McEachern
Question Posted:
Students also viewed these Economics questions
-
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...
-
Consider again the family of homothetic tastes. A: Recall that essential goods are goods that have to be present in positive quantities in a consumption bundle in order for the individual to get...
-
Below we consider some logical relationships between preferences and types of goods. A. Suppose you consider all the goods that you might potentially want to consume. (a) Is it possible for all these...
-
The graph of f(x) = ax 2 + bx + c is shown in the figure. Solve each inequality. (a) f(x) < 0 (b) f(x) = 0 I 3 -y=f(x)
-
Eloise contributes $40,000 to MeldCo in exchange for a 30% ownership interest. During the first year of operations, MeldCo earns a profit of $200,000. At the end of that year, MeldCo holds...
-
Show how you might use a nucleophilic substitution reaction of 1-bromopropane to synthesize each of the following compounds. (You may use any other compounds that are necessary.) (a) (b)...
-
Using the Hald cement data (Example 10.1), find the eigenvector associated with the smallest eigenvalue of \(\mathbf{X}^{\prime} \mathbf{X}\). Interpret the elements of this vector. What can you say...
-
Required Indicate whether a bond will sell at a premium (P), discount (D), or face value (F) for each of the following conditions: a. ____ The stated rate of interest is higher than the market rate....
-
Each student will reflect on their results and complete the assignment by posting their answers to the following questions in the Assignment 1 submission folder: Part A- Answer the questions in Part...
-
ENGL 120 2018-2019 / 43 academic discoursealso serves to increase the credibility of these essays. Academic discourse has a great deal of ethos. For many, academic discourse holds high esteem because...
-
Complete each of the following sentences: a. Your tastes determine the _________ you derive from consuming a particular good. b. _________ utility is the change in _________ utility resulting from a...
-
For a particular consumer, the marginal utility of cookies equals the marginal utility of candy. If the price of a cookie is less than the price of candy, is the consumer in equilibrium? Why or why...
-
(a) What is meant by the term effective nuclear charge? (b) How does the effective nuclear charge experienced by the valence electrons of an atom vary going from left to right across a period of the...
-
Each of the three random variables \(x, y\), and \(z\) has two levels: 0 and 1 . The joint distribution of these three variables can be determined from the facts \(\operatorname{Pr}(x=0, y=\) \(0,...
-
Have you experienced Simpson's paradox in your professional and/or personal life? If so, please describe the context in which it occurred.
-
Use the log-linear model to test whether SCID (two levels: no depression and depressed including major and minor depression) and dichotomized EPDS (EPDS \(\leq 9\) and EPDS \(>9)\) are homogeneously...
-
Assess the models in Problems 9.12 and 9.14 Problem 9.12 is: and Problem 9.14 is: . 9.12 Generalize the model considered in Example 4.11 to a marginal model for the longi- tudinal DOS data and...
-
Let \(y\) follow a mixture of structural zeros of probability \(p\) and a Poisson distribution with mean \(\mu\) of probability \(q=1-p\). Show that \(E(y)=q \mu\), and \(\operatorname{Var}(y)=q...
-
To meet the demand for parking, your town has allocated the area shown here. As the town engineer, you have been asked by the town council to find out if the lot can be built for $10,000. The cost to...
-
Consider the setup in Problem 16. Show that the relative speed of the ball and the point of contact on the stick is the same before and immediately after the collision. (This result is analogous to...
-
Using the aggregate demand-aggregate supply model, illustrate what President Obama was trying to accomplish with the $831 billion stimulus program. What were some costs and benefits of this program?
-
Using the aggregate demandaggregate supply model, illustrate an economy with an expansionary gap. If the government is to close the gap by changing government purchases, should it increase or...
-
Studies suggest that the Cash for Clunkers only shifted sales from later to earlier in 2009. Assuming that this is true, what was the spending multiplier for the Cash for Clunkers program?
-
A resistor of an unknown resistance is placed in an insulated container filled with 0.50 kg of water. A voltage source is connected in series with the resistor and a current of 1.2 amps flows through...
-
Security issues in today's workplace. Identify the different types of potential security issues an employer may have to deal with. Give examples to illustrate each of these potential security...
-
Research on the Internet and identify an emerging security issue. Describe the issue and its origin. Provide an example of this new security issue. Discuss the impacts of the security issue and...
Study smarter with the SolutionInn App