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

Author Question: The fact that wants cannot be fully satisfied with available resources reflects the definition of ... (Read 86 times)

evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
The fact that wants cannot be fully satisfied with available resources reflects the definition of
 
  A) the what tradeoff.
  B) scarcity.
  C) the big tradeoff.
  D) for whom to produce.

Question 2

If a natural monopoly is told to set price equal to average cost, then the firm
 
  A) is not able to set marginal revenue equal to marginal cost.
  B) automatically also sets price equal to marginal cost.
  C) will make a substantial economic profit.
  D) will incur an economic loss.
  E) sets a price that is lower than its marginal cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: Jun 29, 2018
Correct answers!


emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Many Natural Resources Can Be Sustained Many Natural Resources Can Be Sustained
Surface Water Resources Surface Water Resources
Mining Mineral Resources Mining Mineral Resources
Permafrost: High albedo, reflects as much as 90% of the Sun’s energy Permafrost: High albedo, reflects as much as 90% of the Sun’s energy
Water resources Water resources
The Definition of Intelligence The Definition of Intelligence
Video: Non-specific disease resistance mechanisms & Skin's defense barriers

For a complete list of videos, visit our video library