This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm produces an output level at which price is greater than marginal cost. Explain why this is ... (Read 84 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
A firm produces an output level at which price is greater than marginal cost. Explain why this is inefficient.
 
  What will be an ideal response?

Question 2

Which types of investment accounts are investors likely to choose if they are trying to minimize risk? Why?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

krakiolit

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

It is inefficient because the value that society places on using these resources to produce this product is greater than the cost of using resources to produce the product.

Answer to Question 2

Bank accounts insured by the Federal Deposit Insurance Corporation are the safestway of storing and investing money. Investors trying to minimize risk will invest in FDIC-insured certificates of deposit or money market deposit accounts.
A-head: INVESTMENT ACCOUNTS
Concept: Bank accounts


asmith134

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
The Whole Is Greater than the Sum of its Parts The Whole Is Greater than the Sum of its Parts
How to solve equations containing rational exponents greater than 2 How to solve equations containing rational exponents greater than 2
Role of Productivity in Determining Output per Worker, 2009 Role of Productivity in Determining Output per Worker, 2009
The tertiary level of protein structure for the respiratory pigment myoglobin The tertiary level of protein structure for the respiratory pigment myoglobin
Flowchart illustrating how genetic information encoded in DNA produces protein Flowchart illustrating how genetic information encoded in DNA produces protein
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library