This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A curve that shows the cost to the firm of hiring an additional unit of a resource is known as a a. ... (Read 98 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
A curve that shows the cost to the firm of hiring an additional unit of a resource is known as a
 a. marginal product curve
  b. marginal revenue product curve
  c. total revenue product curve
  d. marginal revenue curve
  e. marginal resource cost curve

Question 2

If farmers decide individually whether or not to vaccinate their cattle against mad cow disease, which of the following is true?
 a. The equilibrium quantity is too low for efficiency.
  b. The equilibrium price and quantity are too high for efficiency.
  c. The equilibrium price is efficient.
  d. The equilibrium quantity is too high for efficiency.
  e. The equilibrium price and quantity are efficient.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kusterl

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


burton19126

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jun 30, 2018
Correct answers!


kusterl

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

A sigmoid (cooperative) binding curve A sigmoid (cooperative) binding curve
This map shows the percentage of Protestants by state in Germany. When compared to the previous map This map shows the percentage of Protestants by state in Germany. When compared to the previous map
Elder Care Resource Phone Numbers Elder Care Resource Phone Numbers
The upper panel shows that scores of four diverse samples of boys on a moral reasoning test show a ... The upper panel shows that scores of four diverse samples of boys on a moral reasoning test show a ...
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
Video: Flexor reflex & Crossed extensor reflex

For a complete list of videos, visit our video library