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Author Question: Marginal resource cost is the a. cost of hiring another unit of a resource b. additional revenue ... (Read 152 times)

ec501234

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on: Jun 30, 2018
Marginal resource cost is the
 a. cost of hiring another unit of a resource
  b. additional revenue generated by hiring one more unit of a resource
  c. additional output generated by hiring one more unit of a resource
  d. total cost of hiring a resource
  e. average cost of hiring a resource

Question 2

To enhance social welfare, the government should encourage the production of
 a. all goods
  b. no goods
  c. goods that provide positive externalities
  d. goods whose social cost exceeds their private cost
  e. goods that provide negative externalities


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Andromeda18

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


ec501234

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Reply #2 on: Jun 30, 2018
Thank you


Andromeda18

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Reply #3 on: Jun 30, 2018
No problemo


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