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

Author Question: Which of the following lowers the current price of an nonrenewable natural resource? A) an ... (Read 209 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: Jun 29, 2018
Which of the following lowers the current price of an nonrenewable natural resource?
 
  A) an increase in the interest rate
  B) a decrease in the stock of the resource
  C) an increase in the marginal revenue product of the resource
  D) an increase in the price of a substitute resource

Question 2

In the above figure, the rise in the price of a gallon of gasoline that created the movement from point C to point A would be shown as a movement ________ along the demand curve for ________.
 
  A) upward; coffee
  B) downward; coffee
  C) upward; gasoline
  D) downward; gasoline


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


theo

  • Hero Member
  • *****
  • Posts: 698
Reply #2 on: Jun 29, 2018
Thank you :)


raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

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

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Natural selection of a population for dark coloration. Natural selection of a population for dark coloration.
Natural capital degradation Natural capital degradation
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
How to transform the natural exponential function (e^x) How to transform the natural exponential function (e^x)
The term “natural,” when used on the packaging of meat and poultry The term “natural,” when used on the packaging of meat and poultry
A Model of Natural Selection Favoring the Heterozygous Genotype A Model of Natural Selection Favoring the Heterozygous Genotype
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library