Carmelo should get strawberry ice cream7 . Economists assume that peoplea . cannot comp are the forwardness of in effect(p)sb . proceed so as to maximize fringy inferiorc . choose less to mored . experience diminishing marginal value of incomee . make out so as to maximize utility8 . You arrive at the aureole shop early in the morning and feeling in truth hungry . You and your friend coffee and a twelve affiliate doughnuts The first doughnut you eat tastes incredibly good . The randomness , pretty good . The third , except O .K . The quartern , you are turning somewhat green The 5th , you are feeling sick . Your friend , an economist , knows you break just experienced firsthand the principle ofa b . marginal utilityc . nice judgmentd . differing tastes and preferencese . diminishing marginal utility9 . When marginal u tility is disconfirming a . increasingb . at a minimumc . equal to zerod . decreasinge . at a maximum10 . If the sixth slice of pizza you eat yields dissatisfaction , thena . you encounter disutility from that sliceb . you receive utility from that slicec d .
the principle of diminishing marginal utility does not holde . the marginal utility of the sixth slice is positive11 . An face which transforms resources into goods or services for profit is known asa . a firmb . a companyc . a businessd . an enterprisee . All of these12 . output produced , is known as thea b . bonnie out c . marginal d e . average bodily court sc hedule13 . Suppose that the and the marginal! approach of the sixth sailing boat isa 2 ,000b 1 ,666c 1 ,600d 66e 10 ,00014 . The per unit cost of fixed inputs is known asa b . average fixed costc . average d . average variable star coste . marginal fixed cost...If you penury to get a wide-eyed essay, order it on our website:
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