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

Author Question: In the resource market, firms demand resources in order to a. maximize profit b. maximize total ... (Read 274 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
In the resource market, firms demand resources in order to
 a. maximize profit
  b. maximize total revenue
  c. maximize marginal revenue
  d. maximize utility
  e. minimize cost

Question 2

The socially optimal level of output of a good with an externality occurs when
 a. the marginal private costs of production are equal to marginal private revenues
  b. the firm maximizes its profits
  c. the consumer maximizes his or her utility
  d. the marginal social cost of production equals the marginal social benefit of the good
  e. the firm is making a normal profit


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


Tirant22

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

There are 60,000 miles of blood vessels in every adult human.

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.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri
Desired Fertility versus Total Fertility Rate in Developing Countries Desired Fertility versus Total Fertility Rate in Developing Countries
Higher-Order Conditioning Higher-Order Conditioning
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Test of Yanofsky’s Proposed trp Operon Gene Order Test of Yanofsky’s Proposed trp Operon Gene Order
Video: Secondary Active Transport

For a complete list of videos, visit our video library