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.
Development outside a given firm which reduce the firm costs are called ...
In order to correct adverse balance of payments problem, government should ...
A market where there are many differentiated products is called ...
If ˉx = 6 and N = 6, determine the value of ∑fx ...
In a free market economy, resources are allocated through the ...
According to the theory of comparative advantages, countries are to specialize based on their ...
The velocity of money is represented as ...
One profitable form of business undertaken by the commercial banks is ...
If a commodity has many substitutes, it is most likely that? ...