This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Resource use is allocatively efficient A) when marginal benefit equals marginal cost. B) ... (Read 48 times)

maychende

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
Resource use is allocatively efficient
 
  A) when marginal benefit equals marginal cost.
  B) whenever marginal benefit exceeds marginal cost.
  C) whenever marginal cost exceeds marginal benefit.
  D) when the maximum possible quantity is being produced.

Question 2

A monopolistic competitor incurs losses if ________.
 
  A) price is higher than average total cost
  B) price is lower than marginal cost
  C) price is equal to marginal cost
  D) price is lower than average total cost


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Anna

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


maychende

  • Member
  • Posts: 556
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Cost of Laptops Cost of Laptops
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library