Author Question: The Acme Company is a perfect competitor in its input markets and its output market. Its average ... (Read 70 times)

tth

  • Hero Member
  • *****
  • Posts: 579
The Acme Company is a perfect competitor in its input markets and its output market. Its average product of labor is at its maximum and equals 30. The marginal revenue product of labor is 300. The price of its output
 
  A) is 0.10.
  B) is 10.
  C) is 9,000.
  D) cannot be determined without more information.

Question 2

Which of the following is a negative externality connected to automobile transportation?
 
  A) Driving faster than the 65 mph speed limit is not allowed, even though individuals are able to do it, and many want to.
  B) In an accident, a person who chooses not to wear a seatbelt becomes an object moving around the inside of the car, possibly hitting other, belted-in, passengers with lethal force.
  C) Gasoline is taxed on a per-gallon basis.
  D) Gasoline is imported, and thus increases the trade deficit.
  E) While stuck in traffic, you have a chance to listen to your favorite CD, which you haven't had the time to do in other places.



yasmin

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

For a complete list of videos, visit our video library