If marginal utility is zero ?

Related Mcqs:

The price of burgers increase by 22% and the quantity of burgers demanded falls by 25% This indicates that demand for burgers is ____________?

A. elastic B. perfectly elastic C. unitarily elastic D. inelastic....

Supply is likely to be more price elastic ?

A. In the short run rather than the long run B. If factors of production are relatively immobile between industries C. If there are very few producers D. If it is easy to expand output...

When the decrease in the price of one good causes the demand for another good to decrease, the goods are_________?

A. complements B. substitutes C. inferior D. nromal...

According to the law of diminishing utility ?

A. Utility is at a maximum with the first unit B. Increasing units of consumption increase the marginal utility C. Marginal product will fall as more units are consumed D. Total utility will rise at a falling rate as more units are consumed...

Firms are assumed to ________ costs and to ________ profits?

A. incur, desire B. pay, make C. charge earns D. minimize, maximize...