The role of the market for renewable resources is to determine a ...

[azncindy619]

The role of the market for renewable resources is to determine a price at which the quantity of a resource is just sufficient to enable the resource to renew itself at a rate that best satisfies society's wants.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If long-run costs are plotted on the vertical axis and the quantity of output is plotted on the horizontal axis, a line that is perfectly horizontal implies:
 a. constant returns to scale.
  b. economies of scale.
  c. diseconomies of scale.
  d. inefficient use of capital.
  e. inefficient use of labor.

[6ana001]

Answer to Question 1

True

Answer to Question 2

a

[azncindy619]

Thanks for the timely response, appreciate it

[chereeb]

Wow, this really help