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Author Question: Marginal resource cost is defined as the a. additional cost of producing an additional unit of ... (Read 224 times)

SO00

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on: Jun 30, 2018
Marginal resource cost is defined as the
 a. additional cost of producing an additional unit of output
  b. change in resource employment required to increase the units of output produced
  c. ratio of marginal revenue product to the market price of the output sold
  d. additional cost of employing one additional unit of a resource
  e. ratio of the change in total resource usage to the change in total resource cost

Question 2

Unpriced by-products of production or consumption that provide benefits to other consumers or other firms are known as
 a. negative externalities
  b. common pool benefits
  c. positive externalities
  d. private benefits
  e. Coase by-products


canderson530

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

D

Answer to Question 2

C


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