Title: FIGURE 5-5Refer to Figure 5-5. If production and consumption of gardening services were 5000 hours per month,
Post by: choco1433 on Sep 26, 2022
FIGURE 5-5
Refer to Figure 5-5. If production and consumption of gardening services were 5000 hours per month,
▸ the value placed by consumers on the last 1000 hours is less than the additional costs associated with their provision.
▸ this market is not achieving efficiency.
▸ the provision of the last 1000 hours would decrease the amount of economic surplus in this market.
▸ the resources going into the last 1000 hours of gardening service would be more highly valued elsewhere.
▸ all of the above.
Title: FIGURE 5-5Refer to Figure 5-5. If production and consumption of gardening services were 5000 hours per month,
Post by: doquangnhat on Sep 26, 2022
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