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

Author Question: Which of the following is a disadvantage of the benefit principle? a. It cannot be applied to ... (Read 70 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
on: Jul 1, 2018
Which of the following is a disadvantage of the benefit principle?
 
  a. It cannot be applied to transfer programs.
  b. It does not apply to user charges.
  c. It is completely incompatible with efficiency.
   d. It closely resembles a market price.

Question 2

Suppose the production function for T-shirts can be represented as q = L0.25K0.75. Show that the marginal productivity of labor diminishes in the short run.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

In the short run, MPL = 0.25  (q/L). The change in MP with respect to L equals
d(MPL)/dL = -0.25  q/L2. Thus, for all levels of labor hired, MPL falls as L increases.


cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jul 1, 2018
:D TYSM

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

A freshly applied autograft. Note that the donor skin has been perforated so that it can be stretche A freshly applied autograft. Note that the donor skin has been perforated so that it can be stretche
Principle of Reversibility Principle of Reversibility
genetic code: The basic principle of translation genetic code: The basic principle of translation
Gestalt Principle: Proximity Gestalt Principle: Proximity
Gestalt Principle: Similarity Gestalt Principle: Similarity
Physics - Density, Pressure, and Pascal's Principle Physics - Density, Pressure, and Pascal's Principle
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library