Marginal utility is:
a. the change in a consumer's utility resulting from the addition of a very small amount of some good.
b. the total utility a resulting from consuming some good, divided by the amount consumed.
c. the change in a consumer's utility resulting from the addition of a very small amount of some good, divided by the amount added.
d. the change in a consumer's utility resulting from the addition of a very small amount of some good, divided by the total amount being consumed.
Answers: 3
Business, 22.06.2019 20:30, smarty5187
(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?
Answers: 1
Business, 23.06.2019 07:50, TH3L0N3W0LF
Anew joint command and control system is being developed to meet the strategic information needs of all the military services. the air force is the lead service, but the army and navy have different points of view about what functions the system should perform. which one of the software acquisition best practices would be most relevant in managing this issue as the program office undertakes system development?
Answers: 3
Marginal utility is:
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