If a person consumes fewer units of a good, will marginal utility of the good increase as

Question:

If a person consumes fewer units of a good, will marginal utility of the good increase as total utility decreases? Why or why not?

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

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

See More Books

Question Posted: Feb 12, 2016 07:39 AM

See More Questions

True or False: 1. Utility is the satisfaction or enjoyment derived from consumption. 2. Economists do not think it is possible to compare the relative satisfaction derived from consumption across...
A good is called normal if a person consumes more of it when her income rises (for example, she might see movies in theaters more often as her income rises). It is called inferior if a person...
If Americans buy fewer units of good X, which is produced in Japan, will they necessarily spend less money overall on Good X? Explain your answer.
A Monica who is aged 54, is employed as a Senior Manager with Abacus, a large accounting firm based in Sydney. During the 2020 tax year Abacus contributed $20,000 into QRest Super, which Monica...
You have been asked to prepare a report showing monthly sales by geographic region. Most of the managers using the report are not accountants, so your supervisor thought they would be more likely to...
Jakes's Cafe is planning on using display ads on the Google Display Network. The objective is to increase sales of their gift cards. Jake wants to sell 750 gift cards. The average revenue per sale is...
Consider a shield with an emissivity of $\epsilon_{\mathrm{s}}$ separating two parallel plates as shown in Fig. 19.11. Assume that the shield is adiabatic and that there is no net loss of heat....
The following table shows how average share prices jump (in percentage) after the announcement that the stocks will be cross-listed (see Miller, 2000). The price response should be interpreted as...
A plate of plastic with parallel faces having a refractive index of 1.47 is resting on the surface of water in a tank. A ray of light coming from above in air makes an angle of incidence 34.0 with...
Valencia Products makes automobile radar detectors and assembles two models: LaserStop and SpeedBuster. The firm can sell all it produces. Both models use the same electronic components. Two of these...
Is it possible to get so much of a good that it turns into a bad? If so, give an example.
The marginal utility of good A is 4 utils, and its price is $2.The marginal utility of good B is 6 utils, and its price is $1. Is the individual consumer maximizing (total) utility if she spends a...
Use the quantifier negation rule together with the eighteen rules of inference to derive the conclusions of the following symbolized arguments. Do not use either conditional proof or indirect proof.
A mini-multinational is a company that a. is small but still does international sales. b. is a large international firm. c. is a small local business. d. is now illegal because of trade barriers.
Are there any possible alternatives to consider? What other decision could you make so that each side (domestic and international) benefits?
Do the benefits of offshore outsourcing outweigh the costs? Why or why not?
Distinguish among accounting profit, economic profit, and normal profit. Which type of profit determines how entrepreneurs allocate resources among different business ventures? Explain.
As a business owner, what are the costs and benefits of moving half your production abroad?
Sketch the graphs of the following functions. f(x)= x2x + x
Write the binomial probability in words. Then, use a continuity correction to convert the binomial probability to a normal distribution probability. P(x 110)
In the three-bidder auction, suppose that bidders two and three collude or merge. What is the expected effect of the merger?
Suppose after submitting your sealed bid in a Vickrey auction you find out that you have lost the auction (you were not the highest bidder); however, you have the opportunity to revise your bid....
In Sweden, firms that fail to meet their debt obligations are immediately auctioned off to the highest bidder. (There is no reorganization through Chapter 11 bankruptcy.) The current managers are...
The sheet Inventory lists a grocery store's inventory for two months. Calculate the percent change for each item to two decimal places. If the formula gives an error, put "Initial Stock" in the cell....
A local manufacturer produces two different products on the same production line. Product A requires .5 hours of labor while product B requires .8 hours of labor. The total labor available in any one...
Hampton Company reports the following information for its recent calendar year. Income Statement Data Sales Expenses: Cost of goods sold Salaries expense Depreciation expense Net income Required:...

If a person consumes fewer units of a good, will marginal utility of the good increase as

Question:

Step by Step Answer:

Yes it will as long as the marginal utility of the units of the good no longe...View the full answer

Economics

Students also viewed these Economics questions