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 74 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?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

The fact that a mother works outside the home has no negative effect on the well-being of her child ... The fact that a mother works outside the home has no negative effect on the well-being of her child ...
How to find the intervals where a function is satisfied using inequalities How to find the intervals where a function is satisfied using inequalities
How to fully analyze the standard and factored form of a quadratic equation (Question 1) How to fully analyze the standard and factored form of a quadratic equation (Question 1)
As the world’s population continues to grow, demands on limited resources for food production As the world’s population continues to grow, demands on limited resources for food production
Please fully explain the answer with steps Please fully explain the answer with steps
Video: Secondary and tertiary levels of protein structure Animation

For a complete list of videos, visit our video library