The change in total cost of production that results from a change in the amount of a resource used ...

Author Question: The change in total cost of production that results from a change in the amount of a resource used ... (Read 70 times)

SGallaher96

Hero Member
Posts: 509

on: Jun 30, 2018

The change in total cost of production that results from a change in the amount of a resource used is
a. average resource cost
b. marginal resource cost
c. marginal product
d. marginal revenue product
e. average revenue product

Question 2

Marginal social cost includes both the marginal private cost and the marginal external cost that production imposes on society
a. True
b. False

Andromeda18

Sr. Member
Posts: 336

Reply #1 on: Jun 30, 2018

Answer to Question 1

B

Answer to Question 2

A

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

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?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.