Author Question: The schedules in the table give the marginal social benefit and marginal social cost of a DVD. If ... (Read 59 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
The schedules in the table give the marginal social benefit and marginal social cost of a DVD. If the number of DVD produced is cut to 2 a week, then the ________.
 
  A) minimum supply-price of the second DVD is 18
  B) price is 18 a DVD
  C) opportunity cost of the second DVD is 22
  D) value of the second DVD is 20

Question 2

The accountant for Muzhi's Sushi claims that Muzhi has accomplished technological efficiency. This means that Muzhi's Sushi
 
  A) produces a given output using the least inputs.
  B) produces a given output at the lowest cost.
  C) has an economic profit greater than a normal profit.
  D) has a normal profit greater than an economic profit.



gasdhashg

  • Sr. Member
  • ****
  • Posts: 335
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?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

For a complete list of videos, visit our video library