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Home Q & A Board Other Fields Homework Help Business Economics
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tarasen57 tarasen57
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5 years ago

Question 1.

Price reflects the value households place on a good and marginal cost reflects the ________ of the resources needed to produce a good.



▸ quantity

▸ opportunity cost

▸ productivity

▸ availability

Question 2.

Society will produce ________ if price and marginal cost are equated for all firms.



▸ the efficient mix of output

▸ the maximum output

▸ the minimum output

▸ no output
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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shamanieshamanie
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tarasen57 Author
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5 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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