A cost due to an increase in activity is called A) an ...

[appyboo]

A cost due to an increase in activity is called
 
  A) an incentive loss.
  B) a marginal cost.
  C) a negative marginal benefit.
  D) the total cost.

Question 2

The figure above shows the market for private elementary school education in Chicago. There is no external cost of private elementary education.
 
  If the government does not intervene in this market, the equilibrium number of students being privately educated is ________ and the efficient quantity is ________. A) 0 students; 400 students
  B) 400 students; 400 students
  C) 400 students; 600 students
  D) 600 students; 400 students
  E) 600 students; 600 students

[ally]

Answer to Question 1

B

Answer to Question 2

C

[appyboo]

Thanks for the timely response, appreciate it

[Liamb2179]

YES! Correct, THANKS for helping me on my review