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

Author Question: Middlemen would serve no productive function if A) information is scarce and transactions costs ... (Read 56 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
on: Jun 29, 2018
Middlemen would serve no productive function if
 
  A) information is scarce and transactions costs are zero.
  B) information is free and transactions costs are significant.
  C) information is free and transactions costs are zero.
  D) people only purchased what they need, rather than what they want.

Question 2

Relative prices are an effective way of informing producers of
 
  A) their marginal benefits of production.
  B) their marginal costs of production.
  C) both A and B.
  D) none of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

upturnedfurball

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


SO00

  • Member
  • Posts: 568
Reply 2 on: Jun 29, 2018
:D TYSM

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Hemodialysis. The process of hemodialysis replaces the kidney function of blood filtration by forcin Hemodialysis. The process of hemodialysis replaces the kidney function of blood filtration by forcin
Encephalization is a function of both brain size and body size. Encephalization is a function of both brain size and body size.
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
How to find the inverse of any function How to find the inverse of any function
How to write a composite function f(g(x)) and g(f(x)) (Part 2) How to write a composite function f(g(x)) and g(f(x)) (Part 2)
How to shift and reflect a square root function using transformations How to shift and reflect a square root function using transformations
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library