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Author Question: It is assumed that the marginal benefit of consumption (Read 28 times)

MirandaLo

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  • Posts: 538
on: Apr 19, 2019

Question 1

If there are external costs of production and perfectly competitive firms do not account for these costs, at the equilibrium level of output


◦ P = 
MC = 
MSC.
◦ P = 
MC and 
P < 
MSC.
◦ P = 
MC and 
P > 
MSC.
◦ P > 
MC and 
P = 
MSC.

Question 2

It is assumed that the marginal benefit of consumption


◦ remains constant as more units of the good are consumed.
◦ increases as more units of the good are consumed.
◦ decreases as more units of the good are consumed.
◦ could either increase or decrease as more units of the good are consumed.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by MirandaLo on Apr 19, 2019

peter

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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.
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MirandaLo

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

jamesnevil303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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