Author Question: Who was the economist who first analyzed the advantages of specialization and the division of labor? ... (Read 101 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
Who was the economist who first analyzed the advantages of specialization and the division of labor?
 
  A) Adam Smith B) Ronald Coase C) Arthur C. Pigou D) David Ricardo

Question 2

If the market price is 40 in a perfectly competitive market, the marginal revenue from selling the fifth unit is
 
  A) 8. B) 20. C) 40. D) 200.


parshano

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

For a complete list of videos, visit our video library