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Author Question: Resource use is efficient when production is such that marginal social benefit is A) greater than ... (Read 107 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
YES! Correct, THANKS for helping me on my review

jackie

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Reply 3 on: Yesterday
Excellent

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