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Author Question: If a good has an external cost, then the marginal private cost curve A) lies below the marginal ... (Read 111 times)

D2AR0N

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on: Jun 29, 2018
If a good has an external cost, then the marginal private cost curve
 
  A) lies below the marginal social cost curve.
  B) lies above the marginal social cost curve.
  C) is negative.
  D) is the same as the marginal external cost curve.

Question 2

Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is 4, what is the value of marginal product of the 4th worker?
 
  A) 240
  B) 70
  C) 10
  D) 40
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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scikid

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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