Author Question: The market price of output affects a. the supply of the resources used to produce it b. the demand ... (Read 72 times)

haleyc112 · **on:** Jun 30, 2018

The market price of output affects
a. the supply of the resources used to produce it
b. the demand for the resources used to produce it
c. the marginal product of the resources used to produce it
d. the marginal resource cost of the resources used to produce it
e. the total cost of the resources used to produce it

Question 2

Robert Iwasaki lives next door to a toxic waste landfill. Katie Cooley lives five miles downstream from a steel plant that dumps waste into Mill Creek. Which person is more likely to press public officials for a cleaner environment?
a. Katie
b. Robert
c. neither
d. both equally
e. Economics cannot answer this question