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

Author Question: What is economic value of an exchange?[br][br][b][color=#FBB117]Question 2[/color][/b][br][br]In the ... (Read 41 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
on: Jun 30, 2018
What is economic value of an exchange?

Question 2

In the long run, the producer can change the entire plant size to produce a certain level of the output.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

Economic value of an exchange is defined as the difference between the buyer's valuation of the good and the seller's opportunity cost of parting with the good.

Answer to Question 2

True


Wadzanai

  • Member
  • Posts: 528
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

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?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Eye Color Is a Sex-Linked Trait in Drosophila (Part 3) Eye Color Is a Sex-Linked Trait in Drosophila (Part 3)
Economic and Social Development Economic and Social Development
How to combine and sketch transformations of a sinusoidal function (Question 2) (y=a*sin⁡b(x−c)+d) How to combine and sketch transformations of a sinusoidal function (Question 2) (y=a*sin⁡b(x−c)+d)
Remainder Question Remainder Question
Sound intensity log question Sound intensity log question
economic question economic question
Video: Conjunctivitis

For a complete list of videos, visit our video library