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

Author Question: Assuming there are no externalities, if a firm produces an output level where the benefits to ... (Read 60 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Apr 19, 2019

Question 1

Assuming no externalities exist, if a good's price is more than its marginal cost, then the benefits consumers derive are ________ than the cost of resources needed to produce it and ________ should be produced.


◦ greater; less
◦ greater; more
◦ less; less
◦ less; more

Question 2

Assuming there are no externalities, if a firm produces an output level where the benefits to consumers ________ the cost to suppliers to produce it, then price is ________ marginal cost.


◦ are less than; greater than
◦ exceed; greater than
◦ exceed; less than
◦ equal; less than
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 natalie2426 on Apr 19, 2019

katieost

  • Sr. Member
  • ****
  • Posts: 358
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


natalie2426

  • Member
  • Posts: 524
Reply 2 on: Apr 19, 2019
Wow, this really help

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Reaction 7: The First Substrate-Level Phosphorylation Reaction 7: The First Substrate-Level Phosphorylation
Rapid sea level rise Rapid sea level rise
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
Role of Productivity in Determining Output per Worker, 2009 Role of Productivity in Determining Output per Worker, 2009
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
The mole fraction of oxygen in dry air near sea level is 0.20948, where the molar mass of ... The mole fraction of oxygen in dry air near sea level is 0.20948, where the molar mass of ...
Video: Metaphase I Animation

For a complete list of videos, visit our video library