« previous next »

Author Question: Which of the following is true of marginal revenue product (MRP) and marginal product (MP)? a. MRP ... (Read 46 times)

washai

  • Hero Member
  • *****
  • Posts: 523
on: Jun 30, 2018
Which of the following is true of marginal revenue product (MRP) and marginal product (MP)?
 a. MRP = MP  price, whether the firm is a price searcher or not.
  b. MRP = MP  price only if the firm is a price searcher.
  c. MRP = MP  price only if the firm sells in a perfectly competitive market.
  d. MRP = MP  marginal cost only if the firm is a price searcher.
  e. MRP = MP/price only if the firm is a price taker.

Question 2

Dumping raw sewage into Boston Harbor is an example of
 a. a negative externality
  b. a positive externality
  c. a private cost
  d. a sunk cost
  e. an inverse cost


canderson530

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

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?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
the transamination product of tryptophan is decarboxylated to yield indole-3-acetic acid, or auxin the transamination product of tryptophan is decarboxylated to yield indole-3-acetic acid, or auxin
Product safety Product safety
Use the product rule to find derivative Use the product rule to find derivative
To find the derivative use product rule To find the derivative use product rule
Find derivative using product rule Find derivative using product rule
Video: TRH/TSH/Thyroid hormone

For a complete list of videos, visit our video library