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Author Question: Why do people donate less when it is costlier to give? What will be an ideal ... (Read 45 times)

Awilson837

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on: Jun 29, 2018
Why do people donate less when it is costlier to give?
 
  What will be an ideal response?

Question 2

For a seller who is a price taker, marginal revenue is always
 
  A) less than marginal cost.
  B) more than marginal cost.
  C) the same as marginal cost.
  D) less than price.
  E) the same as price.


rachel

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

The act of donating can be viewed as an economic good and similarly to other economic goods, the quantity demanded of it decreases when the price increases.

Answer to Question 2

E


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