The market for renewable resources often fail to allocate the ...

[nmorano1]

The market for renewable resources often fail to allocate the resources to their highest-valued uses.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The long-run average total cost curve represents:
 a. the maximum cost of producing any level of output when all the factors are fixed.
  b. the lowest cost of producing any level of output when all the factors are variable.
  c. the maximum cost of producing any level of output when all the factors are variable.
  d. the lowest cost of producing any level of output when all the factors are fixed.
  e. the lowest cost of producing any level of output when at least one factor is fixed.

[steff9894]

Answer to Question 1

False

Answer to Question 2

b

[nmorano1]

Correct answers!

[steff9894]

Great! Please up vote