Individuals making decisions about how much to purchase of a product with an external benefit base their decisions on which of the following?
A) the price and marginal private benefit
B) the economically efficient output
C) the price and the marginal social benefit
D) the size of the deadweight loss
A
Economics
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The user cost of extracting a nonrenewable resource is:
A. the sum of the dollar expenditures incurred to extract the resource. B. the cost of not being able to extract it in the future if it is extracted and sold in the present. C. the selling price of the resource to the companies using it to produce goods and services. D. directly proportional to how much of the nonrenewable resource remains.
Economics
Are the costs of utilities always fixed, always variable, or can they be both? Briefly explain
What will be an ideal response?
Economics