When marginal utility is zero ... О a. saturation occurs. b. diminishing marginal utility occurs. c. satisfaction is positive. d. satisfaction is negative.
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- Total utility OA. falls as long as marginal utility is negative. OB. is at a maximum when marginal utility is zero. OC. rises as long as marginal utility is positive. OD. All of the above.I need the answer as soon as possible___ is the lack of satisfaction yielded after consuming too much of the same product. A. Diminishing Marginal Utility B. Disutility C. Total Utility D. Marginal Utility E. Cardinal Utility
- s) Using the indifference curves, a budget line and a price change, show how we can derive an individual's demand curve for a product..How does the law of diminishing marginal utility relate to changing income? Select one: a. The marginal benefit of an extra dollar of income rises as income rises. b. The marginal benefit of an extra dollar of income falls as income rises. c. The total utility gained from a small income is higher than the total utility gained from a high income. d. The total utility gained from a high income is higher than the total utility gained from a low income.40. As long as the principle of diminishing marginal utility is operating, any increased consumption of a good a. Lowers total utility. b. Produces negative total utility. c. Lowers marginal utility and, therefore, total utility. d, Lowers marginal utility, but may raise total utility.
- If marginal utility is declining but still positive, total utility is increasing. True or false and explainimpacts of marginal utility. Imagine that you are a seller of phones: How can you increase the consumer demand curve by helping increase the marginal utility for consumers? Detail specific steps to take and provide examples.Effects of a price change graph that shows Income Effect and Substitution Effect on the same graph. It should contain imagninary budget line aswell. Questions are separate so the two below shouldn't be on the same graph.Question 1) Price of good X increases. X is a normal good and Y in inferior good.Question 2) Price of good X increases. X is a inferior good and Y is a normal good. Income Effect smaller than Substitution Effect..
- Number Consumed Total Utility Marginal Utility 0 0 1 9 2 19 3 27 4 35 5 42 6 42 7 40 Find Marginal utility for each one.MCQ2. Which of the following is used to depict alternative combinations of goods that are equally satisfying? A. B. None of the below. An indifference curve. A demand curve. C. D. A budget constraintFind the missing marginal utility: Quantity 3 8 12 Total Utility 30 55 67 Marginal Utility 10 4 5.6 12