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Author Question: Resource use is efficient when production is such that marginal social benefit is A) greater than ... (Read 35 times)

londonang

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on: Jun 29, 2018
Resource use is efficient when production is such that marginal social benefit is
 
  A) greater than marginal social cost.
  B) equal to marginal social cost.
  C) less than marginal social cost.
  D) at its maximum value.

Question 2

An example of a short-run fixed factor of production is
 
  A) capital equipment.
  B) labor.
  C) electricity.
  D) postage for mailing.


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amcvicar

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

B

Answer to Question 2

A


londonang

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Dnite

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Reply 3 on: Yesterday
Wow, this really help

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