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

Author Question: When market exchange occurs voluntarily in a competitive market a. choice incurs no opportunity ... (Read 127 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
on: Jun 30, 2018
When market exchange occurs voluntarily in a competitive market
 a. choice incurs no opportunity cost
  b. the sum of consumer surplus and producer surplus is maximized
  c. both consumer surplus and producer surplus are eliminated
  d. buyers benefit at the expense of producers
  e. the exchange confers no net benefit to the participants

Question 2

The forces that determine the cost of production are largely independent of the forces that shape demand.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

adf223

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


mydiamond

  • Member
  • Posts: 804
Reply 2 on: Jun 30, 2018
:D TYSM

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

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.

Hip Typically occurs as a result of a fall; with osteoporosis, hip fractures can occur as a result o Hip Typically occurs as a result of a fall; with osteoporosis, hip fractures can occur as a result o
First-Pass Effect: Oral Drug Is Metabolized to an Inactive Form Before It Has an Opportunity to ... First-Pass Effect: Oral Drug Is Metabolized to an Inactive Form Before It Has an Opportunity to ...
Diesel combustion occurs when fuel is injected into the hot, highly compressed air in the cylinder. Diesel combustion occurs when fuel is injected into the hot, highly compressed air in the cylinder.
Competitive inhibitor Competitive inhibitor
Sweet potato fries are not the healthier choice! Sweet potato fries are not the healthier choice!
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library