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 81 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
:D TYSM

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
Entry level nurse competencies Entry level nurse competencies
Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
Mechanisms to Explain the Effects of Massage Mechanisms to Explain the Effects of Massage
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
The amount of genetic variation within populations is far greater than the variation between populat The amount of genetic variation within populations is far greater than the variation between populat
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library