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

Author Question: In the resource market, firms demand resources in order to a. maximize profit b. maximize total ... (Read 276 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
In the resource market, firms demand resources in order to
 a. maximize profit
  b. maximize total revenue
  c. maximize marginal revenue
  d. maximize utility
  e. minimize cost

Question 2

The socially optimal level of output of a good with an externality occurs when
 a. the marginal private costs of production are equal to marginal private revenues
  b. the firm maximizes its profits
  c. the consumer maximizes his or her utility
  d. the marginal social cost of production equals the marginal social benefit of the good
  e. the firm is making a normal profit


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


Tirant22

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
:D TYSM

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Growth of a Renewable Resource Growth of a Renewable Resource
First-order sensory neuron with encapsulated nerve endings First-order sensory neuron with encapsulated nerve endings
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Test of Yanofsky’s Proposed trp Operon Gene Order Test of Yanofsky’s Proposed trp Operon Gene Order
Rate order question Rate order question
Video: Wound Repair Animation

For a complete list of videos, visit our video library