Let $mathbb{K}$ be a field and $R = mathbb{K}[x_1, ldots, x_n]$. We obtain an improved upper bound for asymptotic resurgence of squarefree monomial ideals in $R$. We study the effect on the resurgence when sum, product and intersection of ideals are taken. We obtain sharp upper and lower bounds for the resurgence and asymptotic resurgence of cover ideals of finite simple graphs in terms of associated combinatorial invariants. We also explicitly compute the resurgence and asymptotic resurgence of cover ideals of several classes of graphs. We characterize a graph being bipartite in terms of the resurgence and asymptotic resurgence of edge and cover ideals. We also compute explicitly the resurgence and asymptotic resurgence of edge ideals of some classes of graphs.