Under certain conditions, the slope of the marginal revenue ...

[nmorano1]

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

[morrie123456]

Answer to Question 1

B

Answer to Question 2

C

[nmorano1]

Thanks for the timely response, appreciate it

[bitingbit]

Excellent