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

Author Question: Assuming there are no externalities, if a firm is producing at an output level where the benefits to ... (Read 74 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Apr 19, 2019

Question 1

Assuming there are no externalities, if a firm is producing at an output level where the benefits to consumers exceed the cost to the suppliers to produce it, then price


◦ equals marginal cost.
◦ is greater than marginal cost.
◦ is less than marginal cost.
◦ is less than marginal revenue.

Question 2

Assuming there are no externalities, if a firm is producing at an output level where the benefits to consumers are less than the cost to the suppliers to produce it, then price


◦ equals marginal cost.
◦ is greater than marginal cost.
◦ is less than marginal cost.
◦ is less than marginal revenue.
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 mrsjacobs44 on Apr 19, 2019

ryansturges

  • Sr. Member
  • ****
  • Posts: 338
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 25% of students answer this correctly


mrsjacobs44

  • Member
  • Posts: 500
Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Substrate–level phosphorylation. Substrate–level phosphorylation.
Upper-Level Maps Upper-Level Maps
The IPCC projects sea level rise The IPCC projects sea level rise
Normal change in sea level Normal change in sea level
A Drug’s Plateau Level A Drug’s Plateau Level
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Video: Corpus Callosum Animation

For a complete list of videos, visit our video library