True or False: We will operate if marginal costs exceed marginal benefits.
True or False: We will operate if marginal costs exceed marginal benefits.
Homework Answers
False. Marginal analysis suggests that an economic activity is conducted when marginal benefits are greater than marginal costs. This is because then, for consumers, utility is maximized and for producers, profit is maximized. As long as marginal cost is less than marginal benefit, the economic activity deliver positive net benefits. Hence we will not operate if marginal costs exceed marginal benefits.
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True or False: We will operate if marginal costs exceed marginal
benefits.
1. The overall benefits of administrative regulations often exceed their costs. True or False?
1. The overall benefits of administrative regulations often exceed their costs. True or False?
This graph illustrates the marginal costs and marginal benefits of environmental protect. The dotted line depicts...
This graph illustrates the marginal costs and marginal benefits of environmental protect. The dotted line depicts the current quantity of environmental protection. Choose the option below that best fits this scenario. Price MB Environmental Protection Pri Environmental Protection Select the correct answer below: o marginal benefits exceed marginal costs marginal costs exceed marginal benefits o this is the efficient quantity of environmental protection O none of the above
Products that create external benefits are over-consumed because the private benefits exceed the private costs under-consumed...
Products that create external benefits are over-consumed because the private benefits exceed the private costs under-consumed because consumers only consider the private benefits of consumption optimally consumed as long as private benefits equal private costs underconsumed because the social costs exceed the social benefits
Products that create external benefits are over-consumed because the private benefits exceed the private costs under...
Products that create external benefits are over-consumed because the private benefits exceed the private costs under consumed because consumers only consider the private benefits of consumption O optimally consumed as long as private benefits equal private costs underconsumed because the social costs exceed the social benefits QUESTION 23 The Coase theorem suggests that private bargains will ensure the efficiency of markets even when externalities exist O but only in the presence of government regulation if consumers have more information regarding...
Saying "the marginal costs are greater than the marginal benefits" is the same as saying the...
Saying "the marginal costs are greater than the marginal benefits" is the same as saying the average costs are greater than the average benefits. the total costs are greater than the average benefits. the benefits are greater than the costs. the additional costs are greater than the additional benefits. the costs minus the benefits equal the net costs. next question It usually takes less time to buy a six-pack of 7-Up, a loaf of bread, and a half-gallon of ice...
Equivalent units may never exceed total units. True False
Equivalent units may never exceed total units. True False
Equivalent units may never exceed total units. True or False?
Equivalent units may never exceed total units. True or False?
TRUE AND FALSE I1. True or False (20 points, 2 point each) No. 1. Marginal cost...
TRUE AND FALSE
I1. True or False (20 points, 2 point each) No. 1. Marginal cost is based on the principle that an additional unit of production will only entail an increase in the fixed costs and that the variable costs will not be affected. 2. The greater the balance you have in your account, the slower your savings will grow 3. In case of capital rationing, we should accept project with the highest positive NPV 4. Interest Rate measures...
TRUE AND FALSE I1. True or False (20 points, 2 point each) No. 1. Marginal cost...
TRUE AND FALSE
I1. True or False (20 points, 2 point each) No. 1. Marginal cost is based on the principle that an additional unit of production will only entail an increase in the fixed costs and that the variable costs will not be affected. 2. The greater the balance you have in your account, the slower your savings will grow 3. In case of capital rationing, we should accept project with the highest positive NPV 4. Interest Rate measures...
Goodwill is amortized over a useful life not to exceed 40 years. True False
Goodwill is amortized over a useful life not to exceed 40 years. True False
This graph illustrates the marginal costs and marginal benefits of environmental protect. The dotted line depicts the current quantity of environmental protection. Choose the option below that best fits this scenario. Price MB Environmental Protection Pri Environmental Protection Select the correct answer below: o marginal benefits exceed marginal costs marginal costs exceed marginal benefits o this is the efficient quantity of environmental protection O none of the above
Products that create external benefits are over-consumed because the private benefits exceed the private costs under consumed because consumers only consider the private benefits of consumption O optimally consumed as long as private benefits equal private costs underconsumed because the social costs exceed the social benefits QUESTION 23 The Coase theorem suggests that private bargains will ensure the efficiency of markets even when externalities exist O but only in the presence of government regulation if consumers have more information regarding...
Equivalent units may never exceed total units. True False
TRUE AND FALSE
I1. True or False (20 points, 2 point each) No. 1. Marginal cost is based on the principle that an additional unit of production will only entail an increase in the fixed costs and that the variable costs will not be affected. 2. The greater the balance you have in your account, the slower your savings will grow 3. In case of capital rationing, we should accept project with the highest positive NPV 4. Interest Rate measures...
TRUE AND FALSE
I1. True or False (20 points, 2 point each) No. 1. Marginal cost is based on the principle that an additional unit of production will only entail an increase in the fixed costs and that the variable costs will not be affected. 2. The greater the balance you have in your account, the slower your savings will grow 3. In case of capital rationing, we should accept project with the highest positive NPV 4. Interest Rate measures...
Goodwill is amortized over a useful life not to exceed 40 years. True False
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