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

Author Question: If an exhaustible resource is priced at marginal cost that remains constant over time, then A) ... (Read 117 times)

abern

  • Hero Member
  • *****
  • Posts: 533
on: Jul 1, 2018
If an exhaustible resource is priced at marginal cost that remains constant over time, then
 
  A) all owners of that resource earn rent.
  B) the price will stay constant over time.
  C) the percent price increase each year equals the rate of interest.
  D) the good is relatively scarce.

Question 2

If an exhaustible resource is scarce, has constant marginal cost over time, and is sold in a competitive market, then
 
  A) its price increases over time.
  B) its price will not be a function of the interest rate.
  C) its price moves independently of past prices.
  D) its price equals marginal cost.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


abern

  • Member
  • Posts: 533
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Eating is a nutritional as well as a social time Eating is a nutritional as well as a social time
Maximal Heart Rate Over Time Maximal Heart Rate Over Time
Typical Startup Cost Categories Typical Startup Cost Categories
Growth of a Renewable Resource Growth of a Renewable Resource
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Disitive Time For Potatoes Disitive Time For Potatoes
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library