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Author Question: A firm produces an output level at which price is greater than marginal cost. Explain why this is ... (Read 99 times)

asmith134

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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?


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krakiolit

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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

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

dyrone

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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