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

Author Question: The role of the market for renewable resources is to determine a price at which the quantity of a ... (Read 109 times)

azncindy619

  • Hero Member
  • *****
  • Posts: 562
on: Jun 30, 2018
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

6ana001

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


azncindy619

  • Member
  • Posts: 562
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Role of alternative splicing in the perception of sounds of different frequency Role of alternative splicing in the perception of sounds of different frequency
How to determine if a quadratic equation has a maximum or minimum when given the roots How to determine if a quadratic equation has a maximum or minimum when given the roots
How to quickly determine the maximum or minimum value of a quadratic equation in standard form How to quickly determine the maximum or minimum value of a quadratic equation in standard form
Algebraically determine the general solution, in degrees, of the equation below. Algebraically determine the general solution, in degrees, of the equation below.
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
The generation, removal, and role of reactive oxygen species (ROS) in cell injury The generation, removal, and role of reactive oxygen species (ROS) in cell injury
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library