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 178 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
Gracias!

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

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?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Processing—Mineral Resources Processing—Mineral Resources
Sample inventory order form. Sample inventory order form.
Sample purchase order form. Sample purchase order form.
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
Directions: Fill in the correct number or word(s). Order: Lantus U-100 insulin 68 units subcut ... Directions: Fill in the correct number or word(s). Order: Lantus U-100 insulin 68 units subcut ...
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library