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Author Question: Derived demand refers to a. demand curves derived from utility functions b. an individual demand ... (Read 548 times)

Awilson837

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on: Jun 30, 2018
Derived demand refers to
 a. demand curves derived from utility functions
  b. an individual demand curve estimated from a market demand curve
  c. a market demand curve estimated from individual demand curves
  d. demand for a resource derived from the demand for the product produced by that resource
  e. demand for a product derived from the demand for the resource used to make that product

Question 2

Marginal social cost is equal to
 a. total private cost
  b. marginal private cost
  c. marginal external cost
  d. marginal private cost plus marginal external cost
  e. marginal private cost divided by marginal external cost


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bfulkerson77

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

D

Answer to Question 2

D


Awilson837

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

bitingbit

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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