This topic contains a solution. Click here to go to the answer

Author Question: The firm's short run supply curve is equal to the A) entire marginal cost curve. B) marginal ... (Read 37 times)

Chloeellawright

  • Hero Member
  • *****
  • Posts: 588
The firm's short run supply curve is equal to the
 
  A) entire marginal cost curve.
  B) marginal cost curve above the AVC curve.
  C) marginal cost curve above the ATC curve.
  D) marginal cost curve above the AFC curve.

Question 2

Because of the free-rider problem, ________.
 
  A) there is an efficient allocation of resources for common resources
  B) private provision leads to the production of more than the efficient quantity of a public good
  C) private provision leads to the production of less than the efficient quantity of a public good
  D) the public uses too little of a common resource



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

31809pancho

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

B

Answer to Question 2

C




Chloeellawright

  • Member
  • Posts: 588
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

For a complete list of videos, visit our video library