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Author Question: The portion of a worker's total earnings that is not necessary to keep the worker in her present job ... (Read 84 times)

panfilo

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on: Jun 30, 2018
The portion of a worker's total earnings that is not necessary to keep the worker in her present job is called
 a. opportunity cost
  b. consumer surplus
  c. economic profit
  d. economic rent
  e. normal profit

Question 2

According to Coase,
 a. government regulation will almost always be necessary to eliminate negative externalities
  b. externality problems can be solved efficiently by the assignment of property rights if transaction costs are low
  c. when bargaining costs are high, it is necessary to assign property rights
  d. assignment of property rights will lead to equitable but inefficient solutions to externality problems
  e. there really is no externality problem with renewable resources


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juicepod

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


panfilo

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

sailorcrescent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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