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Author Question: A curve that shows the cost to the firm of hiring an additional unit of a resource is known as a a. ... (Read 85 times)

burton19126

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on: Jun 30, 2018
A curve that shows the cost to the firm of hiring an additional unit of a resource is known as a
 a. marginal product curve
  b. marginal revenue product curve
  c. total revenue product curve
  d. marginal revenue curve
  e. marginal resource cost curve

Question 2

If farmers decide individually whether or not to vaccinate their cattle against mad cow disease, which of the following is true?
 a. The equilibrium quantity is too low for efficiency.
  b. The equilibrium price and quantity are too high for efficiency.
  c. The equilibrium price is efficient.
  d. The equilibrium quantity is too high for efficiency.
  e. The equilibrium price and quantity are efficient.


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kusterl

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


burton19126

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Reply #2 on: Jun 30, 2018
Correct answers!


kusterl

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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