subject
Business, 13.03.2020 22:50 ysbchrishoncho

The law of diminishing marginal utility:a) allows us to make interpersonal utility comparisons. b) tells us that an additional dollar is worth less to a millionaire than to a poor person. c) tells us the worth of an additional dollar of income. d) tells us that an additional dollar of income is worth less than the preceding dollar of income.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 21:50, sihamabdalla591
Franklin painting company is considering whether to purchase a new spray paint machine that costs $4,800. the machine is expected to save labor, increasing net income by $720 per year. the effective life of the machine is 15 years according to the manufacturer’s estimate. required determine the unadjusted rate of return based on the average cost of the investment.
Answers: 2
image
Business, 22.06.2019 07:30, xmanavongrove55
Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a. what is the firm’s labor demand function? b. if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c. now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]
Answers: 3
image
Business, 22.06.2019 16:40, jojo171717
Based on what you learned about time management which of these statements are true
Answers: 1
image
Business, 22.06.2019 18:30, savannahvargas512
Which of these is an example of innovation?
Answers: 2
You know the right answer?
The law of diminishing marginal utility:a) allows us to make interpersonal utility comparisons. b) t...

Questions in other subjects:

Konu
History, 09.01.2021 08:40
Konu
Mathematics, 09.01.2021 08:40
Konu
Mathematics, 09.01.2021 08:40