This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Marginal cost is best defined as A) the extra cost of producing one more unit of output. B) the ... (Read 108 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
on: Jun 29, 2018
Marginal cost is best defined as
 
  A) the extra cost of producing one more unit of output.
  B) the profit earned from selling one more unit of output.
  C) the price received from selling one more unit of output.
  D) equal to producer surplus.

Question 2

A tariff imposed by the United States on Japanese cars ________ the price of cars in the United States and ________ the quantity of Japanese cars imported into the United States.
 
  A) raises; increases
  B) raises; decreases
  C) lowers; increases
  D) lowers; decreases


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


bio_gurl

  • Member
  • Posts: 524
Reply 2 on: Jun 29, 2018
Excellent

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

The basic unit of life - cell The basic unit of life - cell
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Solar output Solar output
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Computer Literacy for IC3, Unit 2: Using Productivity Software, Update to Office 2013 & Windows ... Computer Literacy for IC3, Unit 2: Using Productivity Software, Update to Office 2013 & Windows ...
Calculator Output Calculator Output
Video: Graded potentials - electrical characteristics and types

For a complete list of videos, visit our video library