Number of results: 8,019
Need examples of topics dealing with 2 Economic Concepts.... Meaning .. Like Gas prices .. deals with supply and demand along with goods and services. Which two economic concepts? Please explain your question. I reposted Another post stating what exactly what i was looking for...
Tuesday, October 3, 2006 at 8:28pm by Mirage
I have a question about the marginal utility theory If someone is at consumer equilibrium consuming normal goods, will an increase to income increase total utility consumption of goods? An increase in income will increase total utility as well as consumption of normal goods. ...
Wednesday, December 13, 2006 at 10:45pm by Dick
Why do people routinely stuff themselves at all-you-can-eat buffets? Explain in terms of both utility and demand theories. At any level, the marginal cost of take another bite at an all-you-can-eat place is zero. In terms of utility, a person should therefore consume until the...
Sunday, February 4, 2007 at 5:04pm by Kayla
how is marginal utility found? Marginal utility is the change in total utility divided by the change in the quantity consumed of a good. MU=ChangeinTU/ChangeinQG
Tuesday, February 6, 2007 at 4:46pm by Keela
6. The chapter uses the analogy of a "leaky bucket" to explain one constraint on the redistribution of income. a. What elements of the U.S. system for redistributing income create the leaks in the bucket? Be specific. I would think it would be “people respond to incentives”, ...
Monday, March 5, 2007 at 1:30am by Sarah
Briefly explain the following: (a)Economic cost and accounting cost. (b)Free market economy and mixed economy. (c)Marginal utility theory and indifference curves analysis. Please note that we don't do students' homework for them. Once YOU have come up with a response to YOUR ...
Friday, March 23, 2007 at 7:14am by Christine
Economics - Marginal Utility
If the price of a cheeseburger is $2 and the price of a bag of french fries is $1, and you have $7 to spend (and you can spend all of it). What is the utility-maximizing combination of cheeseburgers and french fries? Wouldn't that depend on the utility value of the cheesburger...
Sunday, April 1, 2007 at 8:41pm by Tracci
Econmics - Marginal Utility
total utility of total utility of cheeseburgers french fries 0 0 20 8 36 14 48 18 56 20 60 20 What is the utility-maximizing combination of cheeseburgers and french fries if cheeseburgers are $2 and french fries are $1 and you have $7 to spend (and you can spend all of it). ...
Sunday, April 1, 2007 at 9:17pm by Tracci
21st Century Electronics has discovered a theft problem at its warehouse adn has decided to hire security guards. The firm wants to hire the optimal number of guards. The follwoign table shows how the number of security guards affects the number of radios stolen each week: # ...
Friday, June 1, 2007 at 10:59pm by Ed
Help from The Economyst
I have put together my set of questions that I posted and answered them with yor help and direction, would you mind looking at the finished product for correctness. I still got lost on some of it I think. I could send them to you. EY Post them. We do not engage in Email with ...
Sunday, June 10, 2007 at 12:24pm by Ed
Economics, Marginal Utilities
Help Economyst.... 1) I think I get this one but maybe n not? Bridget has a limited income and comsumes only wine and cheese, her current consumption is four bottles of wine and 10 pounds of cheese. The price of the wine is $10 per bottle and the price of the cheese is $4 per ...
Monday, June 11, 2007 at 9:57pm by Ed
I'm working on some HW for my MBA Managerial Economics class. I've got one problem down to the end, but I'm stuck. Any help would be greatly appreciated. And, of course, if you could check my work on a & b, that would be excellent. Thanks! :) 1.) The mathematics of consumer ...
Friday, October 5, 2007 at 11:18am by klynn
In order to answer the question, the theory of consumer behavior must be examined. Utility is the satisfaction or pleasure a consumer gets from the consumption of a good or service (all-you-can-eat buffet) and total utility is the total amount of satisfaction derived from the ...
Sunday, February 4, 2007 at 5:04pm by Christine
What is more important to the consumer: Marginal utility or marginal utility per dollar and why
Wednesday, July 23, 2008 at 4:27am by Kevin
What happens to the marginal utility per dollar of shoes if the priece of shoes goes up, and how should consumers respond to this to maximize utility
Wednesday, July 23, 2008 at 4:28am by Kevin
I would go with marginal utility per dollar as it can be used to guide the consumer to allocate is dollars of income to maximize utility. Although, truth be said, whenever I think of "marginal utility", I presume it means "marginal utility per dollar"
Wednesday, July 23, 2008 at 4:27am by economyst
Marginal utility per dollar doesnt change. However, with a price increase, I need more dollars to get a single pair of shoes. I would buy less shoes and more of something else.
Wednesday, July 23, 2008 at 4:28am by economyst
Microeconomics (margin Utility) need clarification
Someone was kind enough to help me with this question, but i was still confused on how they helped me with the first part of my question. The original question was: You go to an auction and set a maximum price of $100 you are willing to bid on an item. However, you are ...
Wednesday, October 15, 2008 at 6:50pm by David
Could you please check these thanks. Directions match each item with the correct statement. Not all terms are USED. Here are the words to fill in the blanks. business planning demand curve complements elastic demand expensive goods demand marginal utility expectations market ...
Thursday, May 14, 2009 at 9:03pm by Taylor
explain how the principle of diminishing marginal utility is related to the downward sloping demand curve?
Monday, July 13, 2009 at 5:11pm by AJ