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 125 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?

Your heart beats over 36 million times a year.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations) Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations)
To measure engine oil pressure, remove the oil pressure sending (sender) unit usually located near ... To measure engine oil pressure, remove the oil pressure sending (sender) unit usually located near ...
The fuel tank pressure sensor (black unit with three wires) looks like a MAP sensor and is usually ... The fuel tank pressure sensor (black unit with three wires) looks like a MAP sensor and is usually ...
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ... A 600-kg car is going around a curve with a radius of 120 m that is banked at an angle of 20° ...
Video: Interview with Person having Obsessive Compulsive Disorder

For a complete list of videos, visit our video library