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

Author Question: A firm produces an output level at which price is greater than marginal cost. Explain why this is ... (Read 37 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
A firm produces an output level at which price is greater than marginal cost. Explain why this is inefficient.
 
  What will be an ideal response?

Question 2

Which types of investment accounts are investors likely to choose if they are trying to minimize risk? Why?
 
  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

krakiolit

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

It is inefficient because the value that society places on using these resources to produce this product is greater than the cost of using resources to produce the product.

Answer to Question 2

Bank accounts insured by the Federal Deposit Insurance Corporation are the safestway of storing and investing money. Investors trying to minimize risk will invest in FDIC-insured certificates of deposit or money market deposit accounts.
A-head: INVESTMENT ACCOUNTS
Concept: Bank accounts


asmith134

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Dissolution of the Geosphere Produces Karst Terrain Dissolution of the Geosphere Produces Karst Terrain
The Whole Is Greater than the Sum of its Parts The Whole Is Greater than the Sum of its Parts
Control of blood glucose level. Control of blood glucose level.
Muscle structure seen at the EM level Muscle structure seen at the EM level
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum
Video: Wound Care

For a complete list of videos, visit our video library