Author Question: An economist might emphasize that our everyday use of natural resources is the product of knowledge ... (Read 92 times)

colton · **on:** Jun 29, 2018

An economist might emphasize that our everyday use of natural resources is the product of knowledge by saying:

A) Money is the root of all that is good about the world.
B) Usable oil comes from our minds' innovations.
C) A bird in the hand is worth two in the bush.
D) You're fired.

Question 2

Refer to the figure above. If the monopolist is regulated to charge the fair-returns price for the profit-maximizing output it produces, ________.

A) it makes a profit of 100
B) it makes a profit of 200
C) it makes a loss of 100
D) it makes zero profit