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

Author Question: The Coase Theorem states that _____. a. in the absence of transactions costs, the allocation of ... (Read 102 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
The Coase Theorem states that _____.
 
  a. in the absence of transactions costs, the allocation of resource will be independent of property right assignment
  b. in the absence of transactions costs, the allocation of resources will be dependent on property right assignment
  c. with transactions costs, the allocation of resources will be independent of property right assignment
   d. with transactions costs, the allocation of resources will be dependent of property right assignment

Question 2

Jennifer is the only employee of her sole proprietorship. She is entertaining the idea of hiring an additional employee. She knows that on her own she can produce 100 units per day.
 
  Jennifer figures that Applicant A will help her produce 175 units per day whereas Applicant B will help her produce 155 units per day. Which of the following statements is most accurate? A) Applicant B has a marginal product of 75 units.
  B) Applicant B has an average product of 77.5 units.
  C) Applicant A has a marginal product of 75 units.
  D) Applicant A has an average product of 87.5 units.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

a

Answer to Question 2

C




luvbio

  • Member
  • Posts: 623
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

For a complete list of videos, visit our video library