Natural resources are:
a. not considered scarce because no one pays for them.
b. only desired for use in producing other goods.
c. included in the category of resources called land.
d. available in unlimited quantities.
c
Economics
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The schedules in the table give the marginal social benefit and marginal social cost of a DVD. If there are no external benefits or external costs, the efficient number of DVDs to produce is ________ a week
A) 1 B) 3 C) 5 D) any number less than 3
Economics
The small-firm effect refers to the
A) negative returns earned by small firms. B) returns equal to large firms earned by small firms. C) abnormally high returns earned by small firms. D) low returns after adjusting for risk earned by small firms.
Economics