This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to the above table. Suppose there are technological advances in the production of smartphones. ... (Read 223 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
Refer to the above table. Suppose there are technological advances in the production of smartphones. The new equilibrium price will be
 
  A) 275.
  B) 375.
  C) less than 275.
  D) between 275 and 375.

Question 2

Suppose that one firm produces a product that results in negative external costs to society. This information suggests that
 
  A) resources are under-allocated to the firm.
  B) the equilibrium market price of the product includes the external costs borne by society.
  C) resources are over-allocated to the firm.
  D) at the market price, quantity demanded is less than quantity supplied.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierrahalpin

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Engineer

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
:D TYSM

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Complete the table by dragging the white labels to the gray targets, the blue la Complete the table by dragging the white labels to the gray targets, the blue la
Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m
Assist recipient into side-lying position. Woman sits on edge of table holding drape to cover her ... Assist recipient into side-lying position. Woman sits on edge of table holding drape to cover her ...
Layers of sheets and towels on the table for a body wrap. Layers of sheets and towels on the table for a body wrap.
Table Tennis Racket Table Tennis Racket
graphic(04-40.jpg) Mary pushes horizontally on a large, heavy table which is s graphic(04-40.jpg) Mary pushes horizontally on a large, heavy table which is s
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library