Microeconomics

If the marginal social cost of generating a kilowatt of electricity is $0.10 and the marginal ...

Started by leo leo

A landfill site produces an obnoxious odor. Homes downwind of the site rent for $1,000 per month ...

Started by ss2343

Jacob pays $5,000 to paint his house because pollution from a nearby factory damaged the paint. To ...

Started by laurencescou

When logging in the Pacific Northwest destroys forests that hikers would have used for eco-tourism, ...

Started by karateprodigy

A firm dumps dioxin in a river, thereby severely polluting the river. The cost of the water ...

Started by pane00

A loud band plays a concert late at night in a neighborhood park. The noise produced by the band ...

Started by Brittanyd9008

A marginal external cost of a product is equal to

Started by biggirl4568

For a firm, its labor costs are

Started by Lobcity

Joanne rents a TV production studio to produce an extra hour of a TV show. The rent is

Started by futuristic

Harry, the owner of a beauty salon, hires a new hair stylist. The wages paid to the new stylist are

Started by audie

The difference between private cost and social cost is that

Started by Themember4

The production of electricity creates pollution. When deciding how much electricity to buy, ...

Started by Alygatorr01285

When studying pollution and the environment, economists

Started by acc299

A example of a good with external benefits is

Started by rayancarla1

To ensure all students are protected from getting the flu this year, your school offers free flu ...

Started by tichca

An example of someone bearing the burden of a negative production externality would be

Started by bobthebuilder

A cost that arises from the production or consumption that falls on someone other than the producer ...

Started by B

How does the United States attempt to compensate losers from lower trade restrictions?

Started by RRMR

What is "rent seeking"? How does it apply to restricting imports?

Started by lbcchick

Explain how governments restrict international trade and who benefits as well as who loses from the ...

Started by cabate

Because wage rates are so low in Africa, why don't Microsoft, Cisco and other major corporations ...

Started by appyboo

How does a quota affect the consumer surplus and the producer surplus from the imported good? Is the ...

Started by audie

The United States imposes a tariff on foreign limes. How does the tariff affect the U.S. price of a ...

Started by kshipps

How do exports affect sellers' producer surplus?

Started by CharlieWard

How do exports affect buyers' consumer surplus?

Started by azncindy619