« 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 95 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?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

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?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

The titration curve of the buffer acetic acid (CH3COOH) The titration curve of the buffer acetic acid (CH3COOH)
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 ...
Horizontal, frontal (coronal), and sagittal planes in the human brain and a cross section of the ... Horizontal, frontal (coronal), and sagittal planes in the human brain and a cross section of the ...
Typical Startup Cost Categories Typical Startup Cost Categories
Cost of Laptops Cost of Laptops
An 82-kg painter stands on a long horizontal board 1.55 m from one end. This 27-kg board is ... An 82-kg painter stands on a long horizontal board 1.55 m from one end. This 27-kg board is ...
Video: Otitis Media

For a complete list of videos, visit our video library