Author Question: Marginal revenue product is obtained by multiplying the price of the product by the marginal ... (Read 23 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
Marginal revenue product is obtained by multiplying the price of the product by the marginal resource cost.
 a. True
  b. False

Question 2

Suppose environmental groups pressure the local government to reduce the number of pollution rights to be sold. Other things equal,
 a. pollution would not be affected
  b. the price of pollution rights would rise, and the amount of pollution would decrease
  c. the price of pollution rights would fall, and the amount of pollution would decrease
  d. the price of pollution rights would fall, and the amount of pollution would increase
  e. the price of pollution rights would rise, and the amount of pollution would increase



ankilker

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

For a complete list of videos, visit our video library