--%>

Marginal Resource Costs problem

Can someone please help me in finding out the accurate answer from the following question. The synonymous words of marginal factor costs or marginal resource costs signify to the: (i) Cost incurred in generating an extra unit of capital. (ii) Cost to the resource owner of securing employment for resource. (iii) Additional cost included in hiring an extra unit of a resource. (iv) Modification in total cost related with the production of one more extra unit of output.

   Related Questions in Microeconomics

  • Q : Economic cost Economic cost can best be

    Economic cost can best be defined as: A) any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers. B) any contractual obligation to labor or material suppliers. C) compensations that must be received by resource owners to insure their continued

  • Q : Income elasticity of demand when

    When average income rises from $18,000 to $22,000 yearly and yearly gasoline consumption per household increases from 1000 to 1500 gallons, in that case the income elasticity of demand for gas is: (1) in the inferior range. (2) 0.5. (

  • Q : Illustration of Rational Ignorance I

    I have a problem in economics on Illustration of Rational Ignorance. Please help me in the following question. Supposing that the meat you purchase from a grocery store is good devoid of inspecting its quality yourself with the microscope is an illustration of: (1) Be

  • Q : Adverse Selection in buying a defective

    Whenever an on-line seller deceived you into buying a faulty ‘fully preloaded’ iPod, you encompass lost since of: (1) Moral hazard. (2) Rational ignorance. (3) Adverse selection. (4) Bait-and-switch deception. (5) Cognitive dissonance.

    Q : Problem on money diagram Help me to go

    Help me to go through this problem. Refer to the given market for money diagrams. If the interest rate was at 8 percent, people would: A) sell bonds, which would cause bond prices to fall and the interest rate to fall. B) buy bonds, which would cause bond prices to ri

  • Q : Labor Contracts-Featherbedding The

    The Restrictive work rules which need firms to employ more workers than essential are termed as: (i) Feather-bedding. (ii) Seniority contracts. (iii) Blacklisting regulations. (iv) Agency shop provisions. (v) Yellow dog contracts.

  • Q : Define surplus budget Surplus budget:

    Surplus budget: When receipts of government are greater than its receipts, it is termed as surplus budget.

  • Q : Problem on Demand Prices for deck of

    Can someone please help me in finding out the accurate answer from the following question. Lauren, a solitaire addict, is eager to spend up to $2 for a new deck of cards. For Lauren, $2 is: (i) Market price for the deck of cards (ii) Demand price for deck of cards. (i

  • Q : Determine constant slope of demanded

    The slope of this illustrated figure of demand curve for DVD games is: (w) constant. (x) greater at high prices than at low prices. (y) lower at low prices than at high prices (z) unitarily elastic.

    Q : Incurs total costs by profit

    This profit-maximizing brickyard as in illustrated figure incurs total costs of approximately: (i) $1200 daily. (ii) $1300 daily. (iii) $1400 daily. (iv) $1530 daily (v) $1600 daily.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1434317 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1947090
    Asked

    3,689

    Active Tutors

    1434317

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.