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Author Question: Under certain conditions, the slope of the marginal revenue product curve reflects the combined ... (Read 76 times)

nmorano1

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on: Jun 30, 2018
Under certain conditions, the slope of the marginal revenue product curve reflects the combined effects of diminishing marginal returns and a declining price of the product the firm sells. What are these conditions?
 a. The firm must be a price searcher in both the product market and the resource market.
  b. The firm must be a price searcher in the product market, regardless of whether it is a resource price searcher.
  c. The firm must be a price searcher in the product market but not necessarily in a perfectly competitive resource market.
  d. The firm must be a price searcher in a perfectly competitive product market.
  e. The firm must operate in a decreasing-cost industry.

Question 2

The Clean Air Act of 1970
 a. set up a depletion tax system
  b. reduced air pollution standards
  c. recognized air as a resource
  d. established a system of transferable pollution rights
  e. forbade producers to emit any pollutants into the air


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morrie123456

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


nmorano1

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

mammy1697

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Reply 3 on: Yesterday
Wow, this really help

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