This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The price paid to a resource in totally fixed supply is called a. economic rent b. economic profit ... (Read 116 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
The price paid to a resource in totally fixed supply is called
 a. economic rent
  b. economic profit
  c. wages
  d. interest
  e. opportunity cost

Question 2

A metal-stamping factory moves next to a day care center. Noise from the factory makes it impossible for the kids to nap. It would cost the factory 5 million to move; it would cost 1 million for the day care center to move. Sound insulation for the factory costs 1 million; insulation for the day care center costs 200,000 . The court determines that the day care center has the property right. What would be the optimal solution to this problem?
 a. The factory should install sound insulation because that is cheaper than moving.
  b. The factory should pay the day care center to move.
  c. The factory should buy insulation for the day care center.
  d. The day care center should buy its own insulation.
  e. The day care center should move.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rnehls

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


ghost!

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 30, 2018
Thank you


rnehls

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Some male birds and mammals congregate in communal courting grounds called leks. Some male birds and mammals congregate in communal courting grounds called leks.
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Time spent on, paid work and housework, by living arrangements of Canadian Time spent on, paid work and housework, by living arrangements of Canadian
What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply
A lesion called a plaque in the brain of an individual with Alzheimer disease. A ring of degeneratin A lesion called a plaque in the brain of an individual with Alzheimer disease. A ring of degeneratin
economic question economic question
Video: Regulation of GFR: three methods, autoregulation & autoregulation via myogenic mechanism

For a complete list of videos, visit our video library