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

Author Question: The division of a resource's earnings between economic rent and opportunity cost depends on the ... (Read 107 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
The division of a resource's earnings between economic rent and opportunity cost depends on the resource owner's
 a. elasticity of labor supply
  b. price elasticity of labor demand
  c. income elasticity of labor demand
  d. cross-price elasticity of demand
  e. marginal revenue product

Question 2

According to the Coase theorem, if bargaining costs are small, then there will be an efficient solution to the problem of toxic waste
 a. if the creator of the toxic waste is assigned the property rights
  b. if the victim of toxic waste is assigned the property rights
  c. regardless of which party is assigned the property rights
  d. if the property rights are shared equally between the creator and the victim of toxic waste
  e. in the form of a pollution tax


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

matt

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


wrbasek0

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

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

Cougar conservation depends on preservation of their habitat. Cougar conservation depends on preservation of their habitat.
Resource partitioning Resource partitioning
Economic value (Dollars per Hectare) of sustainable ecosystems Economic value (Dollars per Hectare) of sustainable ecosystems
Sympathetic division—innervation to most effector tissues & Parasympathetic division Sympathetic division—innervation to most effector tissues & Parasympathetic division
economic question economic question
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Secondary and tertiary levels of protein structure Animation

For a complete list of videos, visit our video library