Resource owners will supply additional units of a resource as long as:
A)the marginal utility of the additional units of the resource exceeds their price.
B)doing so decreases their income taxes.
C)all resource earnings are economic rent.
D)resource users demand the resource.
E)doing so increases their utility.

Question

​Resource owners will supply additional units of a resource as long as:
A)the marginal utility of the additional units of the resource exceeds their price.
B)doing so decreases their income taxes.
C)all resource earnings are economic rent.
D)resource users demand the resource.
E)doing so increases their utility.

Quizplus · Accepted Answer

Resource owners will supply additional units of a resource as long as doing so increases their utility, which means they gain more satisfaction or benefit from supplying the additional units.

​Resource Owners Will Supply Additional Units of a Resource as Long

Resource Owners Will Supply Additional Units of a Resource as Long