This topic contains a solution. Click here to go to the answer

Author Question: For a good with an external cost, the supply curve A) represents the various quantities people ... (Read 77 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
For a good with an external cost, the supply curve
 
  A) represents the various quantities people can buy.
  B) is the same as the marginal private cost curve.
  C) is the same as the marginal social cost curve.
  D) is the same as the marginal external cost curve.

Question 2

A perfectly competitive firm in a competitive labor market will hire more labor whenever
 
  A) its average revenue product of labor exceeds the wage rate.
  B) the wage rate exceeds its average revenue product of labor.
  C) its value of marginal product of labor exceeds the wage rate.
  D) the wage rate exceeds its value of marginal product of labor.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joneynes

  • Sr. Member
  • ****
  • Posts: 376
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly




s.tung

  • Member
  • Posts: 577
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

 

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.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library