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Author Question: Resource owners will supply additional units of a resource as long as doing so a. decreases their ... (Read 64 times)

WWatsford

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on: Jun 30, 2018
Resource owners will supply additional units of a resource as long as doing so
 a. decreases their opportunity cost
  b. increases their income
  c. increases their utility
  d. decreases their income taxes
  e. improves their working conditions

Question 2

The equilibrium price and quantity in a free market usually reflect private marginal costs and benefits, not social ones.
 a. True
  b. False


komodo7

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


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