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Author Question: ________ involves undertaking an activity until its marginal benefits equal marginal costs. A) ... (Read 108 times)

dakota nelson

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on: Jun 29, 2018
________ involves undertaking an activity until its marginal benefits equal marginal costs.
 
  A) Market intervention B) Scarcity reduction
  C) Central planning D) Marginal analysis

Question 2

How are scarce housing resources allocated when a rent ceiling is in place?
 
  What will be an ideal response?


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flannelavenger

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

With an effective rent ceiling, some means for allocation of housing units (other than by price) becomes necessary. Some housing is allocated by first-come, first-serve. Other housing is allocated by discrimination. Black markets also develop, where housing units are allocated at a rent higher than the regulated rent.


dakota nelson

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Reply #2 on: Jun 29, 2018
Correct answers!


flannelavenger

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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