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Author Question: A good or service or a resource is rival if A) it is possible to prevent someone from enjoying ... (Read 48 times)

B

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on: Jun 29, 2018
A good or service or a resource is rival if
 
  A) it is possible to prevent someone from enjoying its benefits.
  B) it is not possible to prevent someone from enjoying its benefits.
  C) its use by one person decreases the quantity available for someone else.
  D) its use by one person does not decrease the quantity available for someone else.

Question 2

The value of marginal product equals
 
  A) total revenue divided by total product (output).
  B) marginal revenue divided by marginal product.
  C) total revenue multiplied by total product (output).
  D) good's market price multiplied by marginal product.


Sammyo

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

C

Answer to Question 2

D


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