Top Posters
Since Sunday
g
3
3
r
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Izzydhindsa Izzydhindsa
wrote...
Go to Answer
Posts: 457
Rep: 22 0
4 years ago

Question 1.

If a firm is the sole employer of a factor of production, it is known as



▸

a monopoly.



▸

an economically discriminating firm.



▸

a competitor.



▸

a monopsony.



Question 2.

Which of the following statements regarding equilibrium in the markets for capital and for a natural resource used in producing a good is true?



▸

The rental price of capital will equal the price of the natural resource.



▸

The marginal revenue product of capital will equal the rental price of capital and the marginal revenue product of the natural resource will equal the price of the natural resource.



▸

The marginal revenue product of capital will equal the marginal revenue product of the natural resource.



▸

The marginal product of capital will equal the rental price of capital and the marginal product of the natural resource will equal the price of the natural resource.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
Read 82 times
2 Replies
Replies
Answer verified by a subject expert
vande746vande746
wrote...
#1
Posts: 383
Rep: 40 0
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Izzydhindsa Author
wrote...
#2
4 years ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  901 People Browsing
 164 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1433
  
 237
  
 261
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: What's your favorite coffee beverage?