« previous next »

Author Question: Marginal resource cost is defined as the a. additional cost of producing an additional unit of ... (Read 214 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
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

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

An orb weaver producing silk from its spinnerets An orb weaver producing silk from its spinnerets
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
One unit of clathrate structure surrounding a hydrophobic molecule (yellow) One unit of clathrate structure surrounding a hydrophobic molecule (yellow)
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
Cost Accounting 14 Cost Accounting 14
Video: Ventilation - phases and driving forces

For a complete list of videos, visit our video library