« previous next »

Author Question: Marginal resource cost is defined as the a. additional cost of producing an additional unit of ... (Read 136 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
on: Jun 30, 2018
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


canderson530

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Mixing schematic Diagram CHE 415 unit operations experiment apparatus Mixing schematic Diagram CHE 415 unit operations experiment apparatus
Cost Savings with an EHR System Cost Savings with an EHR System
An additional extension may be necessary to hoist a truck or van equipped with running boards to ... An additional extension may be necessary to hoist a truck or van equipped with running boards to ...
The unit on top of this Subaru that looks like a radiator is the intercooler, which cools the air ... The unit on top of this Subaru that looks like a radiator is the intercooler, which cools the air ...
Growth of a Renewable Resource Growth of a Renewable Resource
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library