A firm produces an output level at which price is greater than ...

[asmith134]

A firm produces an output level at which price is greater than marginal cost. Explain why this is inefficient.
 
  What will be an ideal response?

Question 2

Which types of investment accounts are investors likely to choose if they are trying to minimize risk? Why?
 
  What will be an ideal response?

[krakiolit]

Answer to Question 1

It is inefficient because the value that society places on using these resources to produce this product is greater than the cost of using resources to produce the product.

Answer to Question 2

Bank accounts insured by the Federal Deposit Insurance Corporation are the safestway of storing and investing money. Investors trying to minimize risk will invest in FDIC-insured certificates of deposit or money market deposit accounts.
A-head: INVESTMENT ACCOUNTS
Concept: Bank accounts

[asmith134]

Excellent

[diana chang]

Gracias!