This topic contains a solution. Click here to go to the answer

Author Question: A curve that shows the cost to the firm of hiring an additional unit of a resource is known as a a. ... (Read 87 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
A curve that shows the cost to the firm of hiring an additional unit of a resource is known as a
 a. marginal product curve
  b. marginal revenue product curve
  c. total revenue product curve
  d. marginal revenue curve
  e. marginal resource cost curve

Question 2

If farmers decide individually whether or not to vaccinate their cattle against mad cow disease, which of the following is true?
 a. The equilibrium quantity is too low for efficiency.
  b. The equilibrium price and quantity are too high for efficiency.
  c. The equilibrium price is efficient.
  d. The equilibrium quantity is too high for efficiency.
  e. The equilibrium price and quantity are efficient.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kusterl

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

E

Answer to Question 2

A





 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

For a complete list of videos, visit our video library