Marginal resource cost is defined as the
a. additional cost of producing an additional unit of output
b. change in resource employment required to increase the units of output produced
c. ratio of marginal revenue product to the market price of the output sold
d. additional cost of employing one additional unit of a resource
e. ratio of the change in total resource usage to the change in total resource cost
Question 2
Unpriced by-products of production or consumption that provide benefits to other consumers or other firms are known as
a. negative externalities
b. common pool benefits
c. positive externalities
d. private benefits
e. Coase by-products
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
A dual-nozzle TBI unit on a Chevrolet 5.0 L V-8 engine. The fuel is squirted above the throttle ...
This unit is applying smoke to the fuel tank through an adapter and the leak was easily found to be ...
Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty
A basic strategy for producing a knockout mouse