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

Author Question: Which describes the economic meanings of value and price? (Read 57 times)

audie

  • Hero Member
  • *****
  • Posts: 532
on: May 24, 2019
Which describes the economic meanings of value and price?
◦ Value is exchange worth minus marginal benefit and price is the dollars that must be paid.
◦ Value is the marginal benefit obtained and price is the dollars that must be paid.
◦ Value refers to the gain the producer gets from the good or service and price refers to the gain the consumer gets from the good or service.
◦ Value refers to the dollars that must be paid and price refers to the cost of producing the good.
◦ They are the same and both mean the dollars that must be paid.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by audie on May 24, 2019

af

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: May 24, 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 39% of students answer this correctly


audie

  • Member
  • Posts: 532
Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

economic economic
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Economic practice question Economic practice question
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library