Answer to Question 1
The statement is true. Perfectly competitive firms produce where price is equal to marginal cost. If no externalities are present, the price of the product measures the full benefits to society of an additional unit of output, and the marginal cost measures the full costs to society of an additional unit of output. Thus, output is produced up to the point where the additional value from producing another unit the good is equal to the additional cost of producing another unit of the good.
Answer to Question 2
The reasons that interest rates are different have to do with many other factors than the ones mentioned. Most notably the credit-worthiness of the firm will play a role and the expected ability of the firm to be able to satisfactorily pay back the loan.
Three routes of tissue-level transport in plants: transmembrane, symplastic, and apoplastic.
Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Cardiac Output
The structure of skin (a) and epidermis (b) at the microscopic level.
Time Line of Human History From Upper Paleolithic Period to the Present
The level of future emissions is closely linked to the rate of population growth