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 104 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?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Five layers or sheaths called koshas in Ayurvedic philosophy. Five layers or sheaths called koshas in Ayurvedic philosophy.
After 159 days,she paid a maturity value of $11,626, which included interest of $814. After 159 days,she paid a maturity value of $11,626, which included interest of $814.
economic question economic question
economic question economic question
economic question economic question
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library