Author Question: Although the efficient quantity to produce of any good is located where marginal social benefit and ... (Read 103 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
Although the efficient quantity to produce of any good is located where marginal social benefit and marginal social cost are equal, there will usually be other quantities where the sum of consumer and producer surplus are greater.
 
  Indicate whether the statement is true or false

Question 2

A change in technology that shifts the firm's total product curve upward without changing the quantity of capital used
 
  A) shifts the average total cost curve upward.
  B) shifts the average total cost curve downward.
  C) does not change the cost curves.
  D) shifts the marginal cost curve upward.



sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

FALSE

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

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.

For a complete list of videos, visit our video library