This topic contains a solution. Click here to go to the answer

Author Question: A resource's marginal product is a. the revenue produced by one additional unit of that resource, ... (Read 81 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
A resource's marginal product is
 a. the revenue produced by one additional unit of that resource, other things constant
  b. the total output produced by one unit of that resource, other things constant
  c. the additional output produced by one additional unit of that resource, other things constant
  d. the total output divided by the number of units of that resource employed
  e. the total output times the number of units of that resource employed

Question 2

According to the Coase theorem, in order to solve a negative externality problem efficiently,
 a. the property right must be assigned to the party with the least-cost alternative
  b. the property right must be assigned to the victim of pollution
  c. transaction costs must be high
  d. transaction costs must be low
  e. property rights must be determined by the courts



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

C

Answer to Question 2

D




vicky

  • Member
  • Posts: 586
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

For a complete list of videos, visit our video library