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

Author Question: Phases and turning points of the business cycle are expansion, peak, recession and trough. ... (Read 69 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
Phases and turning points of the business cycle are expansion, peak, recession and trough.
 
  Indicate whether the statement is true or false

Question 2

When 2,000 hamburgers per day are produced, the marginal social benefit is 1.50 and the marginal social cost is 1.00. And when 7,500 hamburgers per day are produced, the marginal social benefit is 1.00 and the marginal social cost is 1.50.
 
  The efficient production quantity of hamburgers is ________ a day. A) more than 7,500
  B) 7,500
  C) between 2,000 and 7,500
  D) 2,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

BAOCHAU2803

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


Cooldude101

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

The carbon cycle. The carbon cycle.
The carbon-nitrogen-oxygen cycle of The Sun The carbon-nitrogen-oxygen cycle of The Sun
Menstrual Cycle Menstrual Cycle
Some column-mounted ignition switches act directly on the contact points, whereas others use a link ... Some column-mounted ignition switches act directly on the contact points, whereas others use a link ...
Antineoplastic drug and the cell cycle Antineoplastic drug and the cell cycle
Plant life cycle Plant life cycle
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library