Homework assignment help (100 words Minmum)

Mar 17th, 2015
DreamIt
Category:
Economics
Price: $10 USD

Question description

  1. Pretend that you have just been surprised with a genuine e-mail that says you have just been selected by your favorite pizza delivery company that every day for the next month you will receive your favorite pizza for lunch and another of that same favorite pizza for dinner, delivered to your home and ready to eat.
    1. Using the concept of diminishing marginal utility, discuss how excited you will be on the first day of your winning.
    2. What about your excitement on the 10th day?
    3. What about your excitement on the 30th day?
  2. Now, pretend that your favorite national brand gasoline company informs you that you have won as much as you want free gasoline, as much as you want, from any of their gas stations, anywhere in the country every day for a year.
    1. Using the concept of diminishing marginal utility, discuss how excited you will be on the first day of your winning.
    2. What about your excitement on the 10th day?
    3. What about your excitement on the 30th day?
  3. Again, considering the concept of utility, what makes these two scenarios different?


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UT Austin
PREMIUM TUTOR

Studypool has helped 1,244,100 students

5 Reviews


Summary
Quality
Communication
On Time
Value
ashleyisgod
Nov 27th, 2016
" Top quality work from this guy! I'll be back! "
Molly_Moon
Nov 4th, 2016
" AMAZING as always! "
Hemapathy
Oct 13th, 2016
" all I can say is wow very fast work, great work thanks "
BlueOcean
Sep 29th, 2016
" Awesome! Exactly what I wanted. "
kevin12622
Sep 20th, 2016
" Goes above and beyond expectations ! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1819 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors