« previous next »

Author Question: Which of the following is true of marginal revenue product (MRP) and marginal product (MP)? a. MRP ... (Read 43 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?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The FDA recognizes 118 routes of administration.

true story true story
True Friendship True Friendship
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
Use the product rule to find derivative Use the product rule to find derivative
To find the derivative use product rule To find the derivative use product rule
Video: Heart sounds

For a complete list of videos, visit our video library