(Answered) Main idea the principle of diminishing marginal utility

Management Studies

Main idea: the principle of diminishing marginal utility explains the price we pay for additional units of goods and services

1. Explain the concept of marginal utility. Why is diminishing marginal utility important to the demand curve?

2. Describe an example of diminishing marginal utility in your experience.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M91973579
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Assume you are going to look for a current job of interest

Assume you are going to look for a current job of interest to you. Utilize general job websites such as Monster, Taleo, Job, Yahoo!, and indeed to learn about job possibilities for yourself,

Q1 define sexuality and discuss how it influences behaviour

Q1. Define sexuality and discuss how it influences behaviour at work Q2. What part do masculinity and femininity play in organizational life?

What goals seem to dominate early management principles why

What goals seem to dominate early management principles? Why do you think this is the case?

Whats the difference between anbspbigfile tablespacenbspand

What's the difference between a Bigfile tablespace and a Smallfile tablespace? Explain which you would use for your database and why.

What are some differences between transaction processing

What are some differences between Transaction Processing Information Systems and Management Information Systems?

If health care employees are happy in their jobs do you all

If health care employees are happy in their jobs, do you all see incentives as a major issue in employees deciding to remain at a place of employment? Further, can incentives be in the form of monetary, or recognition of ...

How might leaders compromised by ethical scandals rebound

How might leaders compromised by ethical scandals rebound and redeem themselves to followers? What type of actions by organizations tend to create negative responses? What organizations have you seen act in these ways? D ...

Discuss the security measures that are currently in place

Discuss the security measures that are currently in place and how these security measures effect transportation and logistics management.

Explain the equity theory adams why would an administrative

Explain the Equity theory (Adams). Why would an administrative worker be better motivated by the Equity theory?

Through history free enterprise and open markets have been

Through history, free enterprise and open markets have been the foundation of capitalism and the pursuit of dreams. As wealth has become further concentrated, what is your reaction to the future of business ethics and th ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert