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
The term wasp is typically defined as any insect of the order Hymenoptera and suborder Apocrita that
Osteoporosis. (a) A section through normal spongy bone. (b) A section through a bone with osteoporos
Schematic of Rectification Unit
Tall safety stands can be used to provide additional support for the vehicle while on the hoist.
A company that makes cell phones has the following cost structure. They have fixed costs of ...
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her