--%>
Assignment Help - homework help

Free products

Select the right answer of the question .Free products offered by firms :1) may or may not be free to society, but are never free to individuals. 2) may or may not be free to individuals, but are never free to society. 3) are poduced and distributed at no cost to society. 4) usually are items nobody wants.

   Related Questions in Microeconomics

  • Q : When is marginal costs equivalent to

    A purely competitive firm adjusts production therefore its marginal costs equivalent the market price, thus: (w) minimizing losses or maximizing profit. (x) ensuring that total costs do not exceed total revenue. (y) surviving the shor

    		•
  • Q : Advantage of Law of Equal Marginal in

    Assume that the last week your food budget yielded 5 utils from your previous $4 burrito; and 4 utils from your previous $5 hot fudge sundae. Purchasing one: (i) More burrito and one less sundae this week would reduce total utility. (ii) More sundaes and one less burr

    		•
  • Q : Labor Unions-Sitdown Strikes Whenever

    Whenever unions and managers have failed to arrive at a collective bargaining agreement and workers reject to leave the production facility owned by firm, the union’s strategy is termed as: (i) Boycott or an embargo. (ii) Management lock-out. (i

    		•
  • Q : Implicit Costs-Earning income The

    The economic cost borne by you as the college student which would be ignored by the bookkeeper whenever computing costs however that economists would consider the implicit cost of your education would be: (1) Food, similar costs and rent which you would incur even whe

    		•
  • Q : Constant cost industry in competitive

    When brick-making is a constant cost industry, during the long run this firm is probable to experience: (i) a severe shrinking of economic profit to zero. (ii) a decline in the price of bricks to approximately eight cents apiece. (iii) increased compe

    		•
  • Q : High relative income define by Census

    The Department of the Census defines high relative income as experienced while families: (w) earn more than $60,000 annually per worker in the family. (x) have income which is twice the median incomes of other American families. (y) e

    		•
  • Q : Absolute value for price elasticity of

    The price elasticity of demand for Robot Butlers includes the greatest absolute value at an exact price of: (i) $20,000. (ii) $16,000. (iii) $12,000. (iv) $8,000. (v) $4,000.

    Q : Cost and revenue assume the firm is a

    assume the firm is a price taker and faces a market price of €60 per unit. draw the AR and MR curves

    		•
  • Q : Human Capital and Wage Differentials

    Relative to the equally strong, smart and hard working people with minimum education, the high school graduates who invest much heavily in more advanced formal education are probable to experience the lower average: (i) Wages whenever first enter the work force. (ii)

    		•
  • Q : Decreasing price of Complementary Goods

    The increase in demand for tartar sauce would be a probable result of: (1) A reduction in the price of fish. (2) An raise in the price of tartar sauce. (3) A bumper crop of the tartar sauce. (4) A raise in the price of fish. (v) The reduction in price

    		•