« previous next »

Author Question: Which of the following is true of marginal revenue product (MRP) and marginal product (MP)? a. MRP ... (Read 29 times)

washai

  • Hero Member
  • *****
  • Posts: 523
on: Jun 30, 2018
Which of the following is true of marginal revenue product (MRP) and marginal product (MP)?
 a. MRP = MP  price, whether the firm is a price searcher or not.
  b. MRP = MP  price only if the firm is a price searcher.
  c. MRP = MP  price only if the firm sells in a perfectly competitive market.
  d. MRP = MP  marginal cost only if the firm is a price searcher.
  e. MRP = MP/price only if the firm is a price taker.

Question 2

Dumping raw sewage into Boston Harbor is an example of
 a. a negative externality
  b. a positive externality
  c. a private cost
  d. a sunk cost
  e. an inverse cost


canderson530

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

TrUe....FaLsE TrUe....FaLsE
True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Patent medicines contained a name brand that clearly identified the product and claimed to cure just ... Patent medicines contained a name brand that clearly identified the product and claimed to cure just ...
Product Rule Product Rule
Find the derivative using the product rule Find the derivative using the product rule
Find the two integers that have a sum of 20 and a maximum product Find the two integers that have a sum of 20 and a maximum product
Video: Exercise and cardiac output

For a complete list of videos, visit our video library