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

Author Question: Assume that the marginal cost of producing steel does not include the cost of the damage to the ... (Read 23 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
on: Apr 19, 2019

Question 1

Society will produce the efficient mix of output if all firms equate price and marginal cost.


◦ true
◦ false

Question 2

Assume that the marginal cost of producing steel does not include the cost of the damage to the environment as a result of pollution. By producing where 
P = 
MC, the firm will be producing


◦ the efficient amount of steel.
◦ more than the efficient amount of steel.
◦ less than the efficient amount of steel.
◦ a zero quantity of steel.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by waynest on Apr 19, 2019

Jadwiga9

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


waynest

  • Member
  • Posts: 553
Reply 2 on: Apr 19, 2019
:D TYSM

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The FDA recognizes 118 routes of administration.

Manganese helps Deinococcus radiodurans to avoid radiation damage. Manganese helps Deinococcus radiodurans to avoid radiation damage.
The ovaries. In addition to producing ova, the ovaries secrete the female sex hormones, estrogen and The ovaries. In addition to producing ova, the ovaries secrete the female sex hormones, estrogen and
3 Areas of damage after a myocardial infarction 3 Areas of damage after a myocardial infarction
Each of the eight injectors shown are producing a correct spray pattern for the applications. While ... Each of the eight injectors shown are producing a correct spray pattern for the applications. While ...
Cost of Laptops Cost of Laptops
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library