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Author Question: Price reflects the value households place on a good and marginal cost reflects the ________ of the ... (Read 95 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
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Marked as best answer by go.lag on Apr 19, 2019

enass

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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.
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go.lag

  • Member
  • Posts: 667
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

raenoj

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  • Posts: 340
Reply 3 on: Yesterday
Excellent

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