This topic contains a solution. Click here to go to the answer

Author Question: The division of a resource's earnings between economic rent and opportunity cost depends on the ... (Read 117 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
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
Answer to Question 1

A

Answer to Question 2

C




wrbasek0

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

For a complete list of videos, visit our video library