Resources can be purchased
A) exclusively through the government. B) in the product markets.
C) in the factor markets. D) at a grocery store.
C
You might also like to view...
Which one of the following statements is true?
a. A static reserve index will indicate a longer resource lifetime than an exponential reserve index b. A reserve base index indicates a longer resource lifetime than a reserve index c. Most non-renewable resource prices have increased over the past 40 years d. Eventually all physical reserves of non-renewable resources will be depleted e. The price path for a non-renewable resource typically looks like an inverted U shape
If the marginal cost of producing a television is constant at $200, then a firm should produce this item
A) as long as the marginal benefit it receives is just equal to or greater than $200. B) only if the marginal benefit it receives is greater than $200 plus an acceptable profit margin. C) as long as its marginal cost does not rise. D) until the marginal benefit it receives reaches zero.