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 150 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?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

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?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

The average adult has about 21 square feet of skin.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

The human oxygen-hemoglobin dissociation curve. The human oxygen-hemoglobin dissociation curve.
This image shows growing blood vessels in the retina of a mouse This image shows growing blood vessels in the retina of a mouse
A disposable cautery unit. A disposable cautery unit.
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 ...
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Structures that affect circulation - kidneys, blood volume and venous tone

For a complete list of videos, visit our video library