Economic rent represents
a. a loss to society since resource owners do not earn it
b. the difference between marginal revenue product and marginal resource cost
c. a loss to resource owners who earn less than the market value of the resource
d. any resource earnings less than that resource's opportunity cost
e. any resource earnings greater than that resource's opportunity cost
Question 2
The Coase theorem argues that the assignment of property rights will generate an efficient solution to the problem of
a. positive externalities as long as bargaining costs are small
b. negative externalities as long as bargaining costs are small
c. negative externalities as long as bargaining costs are great
d. any type of market failure
e. any type of market failure that involves high transaction costs
Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne
Mass Loss from a Supermassive Star
economic question
economic question
Economic question 5
An overview of the 5 types of gain, loss, or rearrangement of chromosome