« previous next »

Author Question: Moving along a PPF, marginal cost is A) the cost of producing the first unit of a good or ... (Read 54 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
Moving along a PPF, marginal cost is
 
  A) the cost of producing the first unit of a good or service.
  B) the total cost, less the production of the other good or service.
  C) greater than the opportunity cost.
  D) equal to the opportunity cost of producing one more unit of a good or service.

Question 2

When the price of a good is
 
  A) below the equilibrium price, quantity supplied exceeds quantity demanded and price rises.
  B) below the equilibrium price, quantity demanded exceeds quantity supplied and price falls.
  C) above the equilibrium price, quantity supplied exceeds quantity demanded and price falls.
  D) above the equilibrium price, quantity demanded exceeds quantity supplied and price rises.


amcvicar

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

The Primate order displays a diversity of ways of moving around. The Primate order displays a diversity of ways of moving around.
In American Progress (1872), John Gast depicts a feminized (and eroticized) America moving westward, In American Progress (1872), John Gast depicts a feminized (and eroticized) America moving westward,
The Railroads: Moving Agricultural Products to Eastern Markets, 1890 The Railroads: Moving Agricultural Products to Eastern Markets, 1890
Mixing schematic Diagram CHE 415 unit operations experiment apparatus Mixing schematic Diagram CHE 415 unit operations experiment apparatus
A functional renal unit. A functional renal unit.
The unit on top of this Subaru that looks like a radiator is the intercooler, which cools the air ... The unit on top of this Subaru that looks like a radiator is the intercooler, which cools the air ...
Video: Eczema

For a complete list of videos, visit our video library