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

Author Question: The resource market is different from the product market because a. in the resource market, firms ... (Read 66 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
The resource market is different from the product market because
 a. in the resource market, firms don't maximize profit
  b. in the resource market, households don't maximize utility
  c. in the resource market, firms are demanders and households are suppliers
  d. supply and demand do not apply in the resource market
  e. supply and demand do not apply in the product market

Question 2

At the market output and price for a good whose production causes pollution,
 a. pollution is eliminated
  b. the marginal social cost of production exceeds the marginal social benefit of production
  c. the private cost of production equals the private benefit of production
  d. the marginal social benefit of production equals the marginal social cost of production
  e. too little of the good is produced


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mistyjohnson

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


NClaborn

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
Relationship between Resource Use and Growth Relationship between Resource Use and Growth
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Stock Market Question Stock Market Question
Find the two integers that have a sum of 20 and a maximum product Find the two integers that have a sum of 20 and a maximum product
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library