Who was the economist who first analyzed the advantages of specialization and the division of labor? ...

Author Question: Who was the economist who first analyzed the advantages of specialization and the division of labor? ... (Read 98 times)

itsmyluck

Hero Member
Posts: 546

on: Jun 29, 2018

Who was the economist who first analyzed the advantages of specialization and the division of labor?

A) Adam Smith B) Ronald Coase C) Arthur C. Pigou D) David Ricardo

Question 2

If the market price is 40 in a perfectly competitive market, the marginal revenue from selling the fifth unit is

A) 8. B) 20. C) 40. D) 200.

InMicro ¦ Hubbard, O'Brien ¦ 1^st Edition

Buy Test-Bank

parshano

Sr. Member
Posts: 333

Reply #1 on: Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

C

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

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?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).