« previous next »

Author Question: A firm's marginal resource cost curve is a. horizontal only if the firm is a price taker in the ... (Read 119 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
A firm's marginal resource cost curve is
 a. horizontal only if the firm is a price taker in the product market
  b. horizontal only if the firm is a price taker in the resource market
  c. vertical only if the firm is a price taker in the product market
  d. vertical only if the firm is a price taker in the resource market
  e. horizontal only if the firm is a price taker in both the product and resource markets

Question 2

If consuming a good creates a positive externality,
 a. marginal private benefits exceed marginal social benefits
  b. marginal social benefits exceed marginal private benefits
  c. private demand is equal to marginal social benefit
  d. private demand is greater than marginal social benefit
  e. the private demand curve shifts to the right to coincide with the marginal social benefit curve


Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Elder Care Resource Phone Numbers Elder Care Resource Phone Numbers
A Receiver-Operating-Characteristic (ROC) Curve A Receiver-Operating-Characteristic (ROC) Curve
Typical Startup Cost Categories Typical Startup Cost Categories
Linear dose-response curve Linear dose-response curve
Price of Computers, 1982–2010 Price of Computers, 1982–2010
The circadian rhythm is a wave-like curve The circadian rhythm is a wave-like curve
Video: SNP Polymorphysim Microarray Chip - How to Test a Person's DNA

For a complete list of videos, visit our video library