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Author Question: If an exhaustible resource is priced at marginal cost that remains constant over time, then A) ... (Read 115 times)

abern

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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
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kristenb95

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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.
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abern

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

amandanbreshears

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Reply 3 on: Yesterday
Excellent

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