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Author Question: Factors of production include all of the following EXCEPT ________. A) machines made in past ... (Read 52 times)

anjilletteb

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on: Jun 29, 2018
Factors of production include all of the following EXCEPT ________.
 
  A) machines made in past years.
  B) money
  C) entrepreneurship
  D) a wheat field that is not irrigated

Question 2

Producing leather creates external costs in the form of water pollution. The figure above illustrates the market for leather. If the government sets a pollution limit that achieves efficiency, how many tons of leather are produced?
 
  A) 0 tons
  B) 200 tons
  C) 300 tons
  D) more than 300 tons
  E) more than 0 tons and less than 200 tons
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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skipfourms123

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

B

Answer to Question 2

C


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