The concept of marginal utility indicates the relationshi...
The concept of marginal utility indicates the relationship between utility and _________?
Price
Satisfaction
Cost
Revenue
Correct answer is B
Utility is the satisfaction or benefit derived by consuming a product; thus the marginal utility of a goods or service is the change in the utility from an increase in the consumption of that good or service.
The reward which accrues to labour for participating in production is ...
An ad valorem tax is imposed on_____? ...
One way of speeding up the economic development of a country is by encouraging ...
A major determinant of the demand for a luxury goods is ...
A country is allowed to import just 50,000 tonnes of rice annually. This describes ...
One of the assumptions of ordinal utility in consumer behaviour is that ...
The major characteristics of an undeveloped nation is ...
In a free market economy. the rationing of scarce goods is done principally by_______ ...
The population of country X in 1990 was 35 million. The births were 450,000 while it recorded 210...