The marginal theory of value takes account of both scarcity and desirability by holding that, the total value of a good depends on the rendered by the last unit consumed.

The chart shows the marginal cost and marginal revenue of producing apple pies. what most likely will happen if the pie maker continues to make additional pies? the marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit. the marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, increasing the profit. the marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, increasing the profit. the marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, decreasing the profit.

Japan’s key exports to africa and southwest asia are mostly a) raw materials. b) human capital. c) manufactured items. d) agricultural products.

Alexander hamilton was one of the most important of the founding fathers. which of the following is he responsible for? select all that apply.