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

Author Question: In the resource market, firms demand resources in order to a. maximize profit b. maximize total ... (Read 137 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
In the resource market, firms demand resources in order to
 a. maximize profit
  b. maximize total revenue
  c. maximize marginal revenue
  d. maximize utility
  e. minimize cost

Question 2

The socially optimal level of output of a good with an externality occurs when
 a. the marginal private costs of production are equal to marginal private revenues
  b. the firm maximizes its profits
  c. the consumer maximizes his or her utility
  d. the marginal social cost of production equals the marginal social benefit of the good
  e. the firm is making a normal profit


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


Tirant22

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Gracias!

ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

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

For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
Immunofixation electrophoresis. (a) IgG kappa myeloma, (b) Controls showing total serum protein ... Immunofixation electrophoresis. (a) IgG kappa myeloma, (b) Controls showing total serum protein ...
Marine pollution threatens resources and marine life Marine pollution threatens resources and marine life
Relationship between Resource Use and Growth Relationship between Resource Use and Growth
Iraqi market Iraqi market
The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ... The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ...
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library