Author Question: If the marginal cost of producing every quantity decreases, all the following occur EXCEPT A) ... (Read 60 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
If the marginal cost of producing every quantity decreases, all the following occur EXCEPT
 
  A) minimum supply price does not change.
  B) the marginal social benefit of the last unit bought changes.
  C) the consumer surplus increases.
  D) the efficient quantity increases.

Question 2

Marginal product is
 
  A) the increase in output that results from a one-unit increase in the quantity of labor employed with all other inputs remaining the same.
  B) total amount of output produced.
  C) total amount of output produced divided by the quantity of labor employed.
  D) total amount of output produced divided by price of the output.



chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

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.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

For a complete list of videos, visit our video library