« previous next »

Author Question: The points outside the production possibilities frontier are A) attainable. B) efficient. C) ... (Read 72 times)

silviawilliams41

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
The points outside the production possibilities frontier are
 
  A) attainable. B) efficient. C) inefficient. D) unattainable.

Question 2

The table illustrates the market for Internet service. What is the market price of Internet service? If the government taxes Internet service 15 a month, what is the price the buyer pays?
 
  What is the price the seller rece-ives? Does the buyer or seller pay more of the tax?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The market price of an Internet service is 20 a month because that is the price at which the quantity demanded equals the quantity supplied. A figure is helpful to answer the questions about the tax incidence. If the government imposes a tax of 15 a month on Internet services


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Mitosis + Check Points 4 of 5 Mitosis + Check Points 4 of 5
Pair Production and Annihilation Pair Production and Annihilation
The primary pulse points of the body. The primary pulse points of the body.
Modern Predication of Peak in Global Oil Production Modern Predication of Peak in Global Oil Production
The ability to solve problems may be highly efficient in the older adult The ability to solve problems may be highly efficient in the older adult
Insect PollinationHoneybees are efficient pollinators of a variety of flowers, including those of be Insect PollinationHoneybees are efficient pollinators of a variety of flowers, including those of be
Video: Bulk flow - factors that influence bulk flow

For a complete list of videos, visit our video library