« previous next »

Author Question: The change in total cost of production that results from a change in the amount of a resource used ... (Read 88 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
The change in total cost of production that results from a change in the amount of a resource used is
 a. average resource cost
  b. marginal resource cost
  c. marginal product
  d. marginal revenue product
  e. average revenue product

Question 2

Marginal social cost includes both the marginal private cost and the marginal external cost that production imposes on society
 a. True
  b. False


Andromeda18

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Allen Test: An occluded ulnar artery results in continued pallor of the hand while the radial artery Allen Test: An occluded ulnar artery results in continued pallor of the hand while the radial artery
The second half of life brings a change from outward to inward concerns and from physical to ... The second half of life brings a change from outward to inward concerns and from physical to ...
Climate Change Climate Change
Production of monoclonal antibodies Production of monoclonal antibodies
Land use change and forestry are responsible for 18% of global greenhouse gas emissions Land use change and forestry are responsible for 18% of global greenhouse gas emissions
Capital-Biased Technological Change Capital-Biased Technological Change
Video: Dissociative Disorders (Part 1)

For a complete list of videos, visit our video library