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

Author Question: Price reflects the value households place on a good and marginal cost reflects the ________ of the ... (Read 50 times)

go.lag

  • Hero Member
  • *****
  • Posts: 667
on: Apr 19, 2019

Question 1

If society will gain by producing less 
X, then it must be the case that currently


◦ P
X = 
MC
X.
◦ P
X > 
MC
X.
◦ P
X < 
MC
X.
◦ either 
P
X > 
MC
X or 
P
X < 
MC
X.

Question 2

Price reflects the value households place on a good and marginal cost reflects the ________ of the resources needed to produce a good.


◦ quantity
◦ opportunity cost
◦ productivity
◦ availability
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by go.lag on Apr 19, 2019

enass

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: Apr 19, 2019
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 58% of students answer this correctly


go.lag

  • Member
  • Posts: 667
Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Filter in the vena cava prevents an embolus from traveling to the heart, lungs, or brain; A, Greenfi Filter in the vena cava prevents an embolus from traveling to the heart, lungs, or brain; A, Greenfi
Good alignment for sitting posture. Good alignment for sitting posture.
Good hand and body mechanics when applying thumb pressure to the back. Good hand and body mechanics when applying thumb pressure to the back.
Diaphragm relaxation technique. (A) Place the thumb on the metatarsal head of the big toe. (B) Bend ... Diaphragm relaxation technique. (A) Place the thumb on the metatarsal head of the big toe. (B) Bend ...
Typical Startup Cost Categories Typical Startup Cost Categories
Humburger is a good source of niacin , vitamin B6 and pantothenic acid Humburger is a good source of niacin , vitamin B6 and pantothenic acid
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library