Author Question: Economic rent represents a. a loss to society since resource owners do not earn it b. the ... (Read 67 times)

rayancarla1

  • Hero Member
  • *****
  • Posts: 571
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



kjo;oj

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

E

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

For a complete list of videos, visit our video library