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Author Question: ________ is a good measure of what society gives up by using resources to produce more of a good or service. (Read 107 times)

Davideckstein7

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Question 1

In making labor supply decisions, ________ weigh the market wage against the value of leisure and time spent in unpaid household production.


◦ businesses
◦ financial markets
◦ households
◦ None of these is correct.

Question 2

________ is a good measure of what society gives up by using resources to produce more of a good or service.


◦ Marginal revenue
◦ Marginal revenue product
◦ Marginal cost
◦ Total cost of production


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Marked as best answer by Davideckstein7 on Apr 19, 2019

patma1981

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Davideckstein7

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Reply 2 on: Apr 19, 2019
Excellent


amit

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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