It is the practice for paper mills located alongside the Layzee River to discharge waste assets right into the river. As an outcome, operators of hydroelectric power-generating plants downstream along the river find that they should clean up the river"s water before it flows through their devices.10. In the case explained over, we would expect an:Overmanufacturing of paper in the millsUndermanufacturing of paper in the millsExternal cost resulting from the production of hydroelectric powerAttainment of allocative efficiency in the market


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15. When diminishing marginal utility starts happening as a perchild consumes more and more of a provided good: Total energy will certainly diminish Total energy will rise at a diminishing rateMarginal utility will certainly end up being negative Total utility will certainly become negative
12. Contrasted to a pucount competitive firm in long-run equilibrium, the monopolistic contender has actually a:Lower price and reduced outputHigher price and reduced output Higher price and also higher outputPrice and also output that might be greater or reduced.
13. The more powerful the product differentiation in monopolistic competition, the:Less elastic the demand also curve, and also production will certainly take location additionally to the left of minimum average costsLess elastic the demand also curve, and production will certainly take place additionally to the ideal of minimum average costsMore elastic the demand also curve, and also production will certainly take place additionally to the left of minimum average costsMore elastic the demand curve, and production will take location even more to the ideal of minimum average costs
Less elastic the demand also curve, and manufacturing will take location even more to the left of minimum average costs
26. In the lengthy run an oligopoly: A. Will produce much less than an monopolyB. May be able to earn positive economic earnings C. Will constantly produce in the range of decreasing retransforms to scaleD. Will create on the portion of the demand also curve wbelow demand is price-inelastic
If the price of labor falls family member to the price of capital, and also as an outcome the quantity of capital employed decreases, it can be concluded that:The substitution impact is better than the output effectThe output effect is greater than the substitution impact.The revenue effect is higher than the output effect.Labor cannot be easily substituted for labor.
For a monopolist in the labor industry, the marginal reresource expense of labor is Higher than the wage rate or price of labor.Less than the wage rate or price of laborEqual to the wage price or price of laborInversely pertained to the wage price or price of labor
Refer to the over table and also information. For maximum earnings, how many devices will certainly the monopsonist hire and what will be the wage rate. 2 and also 103 and 114 and 125 and 13
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