This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The price paid to a resource in totally fixed supply is called a. economic rent b. economic profit ... (Read 81 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
The price paid to a resource in totally fixed supply is called
 a. economic rent
  b. economic profit
  c. wages
  d. interest
  e. opportunity cost

Question 2

A metal-stamping factory moves next to a day care center. Noise from the factory makes it impossible for the kids to nap. It would cost the factory 5 million to move; it would cost 1 million for the day care center to move. Sound insulation for the factory costs 1 million; insulation for the day care center costs 200,000 . The court determines that the day care center has the property right. What would be the optimal solution to this problem?
 a. The factory should install sound insulation because that is cheaper than moving.
  b. The factory should pay the day care center to move.
  c. The factory should buy insulation for the day care center.
  d. The day care center should buy its own insulation.
  e. The day care center should move.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rnehls

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


ghost!

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 30, 2018
Thank you


rnehls

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

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?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

A fixed action pattern as an example of innate behaviour. A fixed action pattern as an example of innate behaviour.
Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ... Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
economic economic
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: Semidiscontinuous DNA replication

For a complete list of videos, visit our video library