Question: Pleas help me with this question QUESTION 8 measures the consumer's benefit of consuming an additional unit of a good or service. A 1.Marginal benefit

Pleas help me with this question

QUESTION 8 measures the consumer's benefit of consuming an additional unit of a good or service. A 1.Marginal benefit A 2. Marginal cost A 3. Marginal consumption A 4. Marginal reserves

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Part 1. The company sells higher-end custom-design socks in three-sock sets (rather than two). The company operates from a small packaging and distribution facility in Richmond, CA from which it...

Please answer all the required questions in detail I hope the answer is not copy-paste I hope that the answer will be according to the concepts in the chapter 3 The following article summarizes the...

If MR is greater than MC, a firm should: A.increase production B.lower the price C.decrease production D.increase price Question 2 of 34 Juan's marginal utility from strawberries is 200 and his...

Question 1 2.5pts A person is in consumer equilibrium, and then the price rises for one of the goods she purchases. If she wants to restore herself to consumer equilibrium, she will (most likely)...

Q1. How is utilitydefined? A. the change in benefit from producing one additional unit of a good. B. the satisfaction experienced from consuming a good. C. ease of use. D. government provided goods...

Explain the following. 1. In microeconomics the term utility references the: i. relative scarcity of a good or service ii. usefulness of a good or service iii. satisfaction derived from consumption...

Question 1 1 0 Points If Jackie spends her entire allowance on books, she could buy _ _ _ _ _ _ books and her total utility will be _ _ _ _ _ _ 1 , 3 0 utils. 4 , 1 0 2 utils. 6 , 1 3 5 utils. 1 0 ,...

Hello, I need help with these questions please: Multiple choice: _____ 1. The law of demand states that a. as price increases, quantity demanded increases. b. as price decreases, demand increases. c....

Honors Introduction to Economics Vocabulary Application Vocab Bank 1. Economics 2. Scarcity 3. Shortage 4. Goods 5. Services 6. Consumer 7. Producer 8. Needs 9. Wants 10. Factors of Production 11....

Two control rods are attached at A to lever AB. Using trigonometry and knowing that the force in the right-hand rod is F2 = 20 lb, determine (a) The required force F1 in the left-hand rod if the...

Let n > 1. Let (a... as) ESn be a cycle and let o ES, be arbitrary. Show that oo (a,..., as) oo- (o(a).....o(a.)) in Sn. (Note this is an equality between maps. Hence, in order to show this equality...

When interest rates decline, the duration of a 3 0 - year bond selling at premium: Group of answer choices Decreases Increases at first, then declines Increases Remains the sameWhen interest rates...

Important, Strategic decisions are always made in group, like Board of director to improve inclusion & avoid bias * True False

Explain internal recruitment methods.

Summarize job analysis for team members.

Describe the recruitment process.