Free products, Select the right answer of the question .Free products offered by firms

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.

View Complete Question

Related Questions in Microeconomics

Q : Marginal revenue product-marginal

When a monopolist maximizes the profit in a product market, it will: (w) Hire labor till the marginal revenue product equivalents marginal resource cost. (x) Hire labor till the value of marginal product equivalents marginal resource cost. (y) Pay a wage equivalent to

Q : Monopolistic competition and oligopoly

One of my friends can't succeed to get the solution of this question. Give me solution of this question. Under what circumstances can monopolistic competition and oligopoly describe stable prices?

Q : Corollary of the law of equal marginal

The corollary of the law of equal marginal benefit is the principle of: (1) Equal marginal utilities per dollar. (2) Diminishing marginal utility. (3) Income injection. (4) Substitution in demand. (5) Diminishing returns. Can someo

Q : Consequence on inventories When planned

When planned savings are bigger or smaller than planned investment, then what will be its consequence on inventories? Answer: It will raise or reduce the inventorie

Q : Break-even level of income The

The break-even level of income for four member of family under the negative income tax system demonstrated in this figure is: (1) $15,000 per year. (2) $30,000 per year. (3) $45,000 per year. (4) $60,000 per year. (5) $75,000 per year

Q : Negative externalities Give the answer

Give the answer of following question. Negative externalities arise: A) when firms pay more than the opportunity cost of resources. B) when the demand curve for a product is located too far to the left. C) when firms "use" resources without being compelled to pay for

Q : Comparative advantage in making food

When Wilma can make a brontosaurus burger in 10 min and a cactus cooler in 5, whereas Betty can make the burger in 8 min and the cactus cooler in 3. Then find out the right option from the above: (1) Betty consists of a comparative disadvantage in the coolers and a co

Q : Profit Maximization-total proceeds and

The entire profit maximizing organization will hire more labor up to the point where: (w) Average physical product of labor equivalents the nominal wage. (x) Last unit of labor adds uniformly to net revenue and net cost. (y) Marginal product of the labor is at its hig

Q : Supply of good increment from the

The supply of good increases from the perspective of buyers while: (1) the government subsidizes production of the good. (2) price ceilings limit rates of return on investment. (3) queuing replaces allocation based upon high prices. (

Q : Marginal tax rate under negative income

The marginal tax rate upon earned income under negative income tax system demonstrated in this figure is: (1) 15 percent. (2) 20 percent. (3) 25 percent. (4) 33.3 percent. (5) 50 percent.

Discover Q & A

Leading Solution Library

Avail More Than 1412060 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1942768
Asked

3,689

Active Tutors

1412060

Questions
Answered

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

Submit Assignment