« previous next »

Author Question: If the social cost of producing a good or service exceeds the private cost A) the sum of consumer ... (Read 83 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
If the social cost of producing a good or service exceeds the private cost
 
  A) the sum of consumer surplus and producer surplus is maximized.
  B) a positive externality exists.
  C) the market achieves economic efficiency.
  D) a negative externality exists.

Question 2

Sole proprietorships are ________ type of business.
 
  A) the most common B) the least risky C) the most profitable D) the least common
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Rilsmarie951

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Ethics in social research are of vital concern to sociologists. As discussed in the text, ... Ethics in social research are of vital concern to sociologists. As discussed in the text, ...
Social History Questions Social History Questions
Weber's Three Components Of Social Class Weber's Three Components Of Social Class
Gestalt Law of Good Continuation Gestalt Law of Good Continuation
Economic and Social Development Economic and Social Development
5. Social contract theorists believe that the social contract is/was a historical fact. ... 5. Social contract theorists believe that the social contract is/was a historical fact. ...
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library