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Author Question: The change in total cost of production that results from a change in the amount of a resource used ... (Read 127 times)

SGallaher96

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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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


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