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Author Question: A firm's marginal resource cost curve is a. horizontal only if the firm is a price taker in the ... (Read 131 times)

CORALGRILL2014

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on: Jun 30, 2018
A firm's marginal resource cost curve is
 a. horizontal only if the firm is a price taker in the product market
  b. horizontal only if the firm is a price taker in the resource market
  c. vertical only if the firm is a price taker in the product market
  d. vertical only if the firm is a price taker in the resource market
  e. horizontal only if the firm is a price taker in both the product and resource markets

Question 2

If consuming a good creates a positive externality,
 a. marginal private benefits exceed marginal social benefits
  b. marginal social benefits exceed marginal private benefits
  c. private demand is equal to marginal social benefit
  d. private demand is greater than marginal social benefit
  e. the private demand curve shifts to the right to coincide with the marginal social benefit curve


Sweetkitty24130

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

B

Answer to Question 2

B


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