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Author Question: Which of the following can lead to permanent differentials in resource prices? a. an increase in ... (Read 82 times)

jazziefee

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on: Jun 30, 2018
Which of the following can lead to permanent differentials in resource prices?
 a. an increase in demand for a product produced by the resource
  b. differences in the inherent quality of resources
  c. differences in the time and money involved in developing necessary skills
  d. differences in the nonmonetary rewards of a job
  e. a lack of resource mobility

Question 2

The marginal social benefit curve for water quality slopes downward because
 a. the total benefit from clean water decreases as water becomes cleaner
  b. the added benefit from cleaner water is greater when water quality is poor than when water quality is high
  c. the added benefit from cleaner water is smaller when water quality is poor than when water quality is high
  d. the total benefit from clean water increases as water becomes cleaner
  e. people demand clean water at any price


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leahm14

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

E

Answer to Question 2

B


jazziefee

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Reply #2 on: Jun 30, 2018
Thank you :)


leahm14

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Reply #3 on: Jun 30, 2018
Happy to help you


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