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Talk:Economics (view source)

Revision as of 17:41, March 5, 2007

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→‎Enter new questions here:: reply to Kevikn'
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Hi Mr. Schlafly!!  On question #3 of this week's homework you talk about an increase of 90% when the original number is 4 units of utility.  Am I right to assume that the 90% increase is really 190% of the original number (4)?  Thanks.  [[User:kevin51292]]
 
Hi Mr. Schlafly!!  On question #3 of this week's homework you talk about an increase of 90% when the original number is 4 units of utility.  Am I right to assume that the 90% increase is really 190% of the original number (4)?  Thanks.  [[User:kevin51292]]
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:'''REPLY TO HOMEWORK QUESTION:'''  No, Kevin, that's not correct.  There is declining marginal utility.  The first hour the benefit is 4 units, but the second hour the benefit must be less:  90% times 4.--[[User:Aschlafly|Aschlafly]] 12:41, 5 March 2007 (EST)
    
== Prior discussion unrelated to homework ==
 
== Prior discussion unrelated to homework ==
Aschlafly
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