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Author Question: When consumption is rival and excludable, the product is a A) public good. B) private good. C) ... (Read 79 times)

SAVANNAHHOOPER23

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on: Jun 29, 2018
When consumption is rival and excludable, the product is a
 
  A) public good.
  B) private good.
  C) mixed good.
  D) service, not a good.

Question 2

As a competitive firm hires increasing amounts of labor, the value of marginal product of labor
 
  A) decreases.
  B) increases.
  C) remains constant.
  D) decreases then increases.


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Hikerman221

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


SAVANNAHHOOPER23

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  • Posts: 542
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Viet Thy

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Reply 3 on: Yesterday
Excellent

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