This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The price paid to a resource in totally fixed supply is called a. economic rent b. economic profit ... (Read 82 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
The price paid to a resource in totally fixed supply is called
 a. economic rent
  b. economic profit
  c. wages
  d. interest
  e. opportunity cost

Question 2

A metal-stamping factory moves next to a day care center. Noise from the factory makes it impossible for the kids to nap. It would cost the factory 5 million to move; it would cost 1 million for the day care center to move. Sound insulation for the factory costs 1 million; insulation for the day care center costs 200,000 . The court determines that the day care center has the property right. What would be the optimal solution to this problem?
 a. The factory should install sound insulation because that is cheaper than moving.
  b. The factory should pay the day care center to move.
  c. The factory should buy insulation for the day care center.
  d. The day care center should buy its own insulation.
  e. The day care center should move.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rnehls

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


ghost!

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 30, 2018
Thank you


rnehls

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th
Summation of Heart Sounds, Fixed Splitting of S2 Summation of Heart Sounds, Fixed Splitting of S2
Cerebral angiography. The four angiograms each reveal the distribution of blood vessels supplying th Cerebral angiography. The four angiograms each reveal the distribution of blood vessels supplying th
Material safety data sheets (MSDS), now called safety data sheets (SDS), should be readily available ... Material safety data sheets (MSDS), now called safety data sheets (SDS), should be readily available ...
economic question economic question
economic question economic question
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library