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

Author Question: The presence of a positive externality in a market leads to ________. A) an underproduction of ... (Read 43 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
The presence of a positive externality in a market leads to ________.
 
  A) an underproduction of the good
  B) an overproduction of the good
  C) a deadweight loss
  D) a fall in the consumer surplus

Question 2

Negative values of the price elasticity of demand of a good can be attributed to:
 
  A) the Law of Demand.
  B) the Law of Supply.
  C) the Law of Increasing Marginal Utility.
  D) the Law of Diminishing Marginal Rate of Substitution.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

orangecrush

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Ebrown

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
:D TYSM

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Gram-positive and Gram-negative bacteria. Gram-positive and Gram-negative bacteria.
Varicosis. (a) Varicose veins develop due to the failure of valves in the superficial veins of the l Varicosis. (a) Varicose veins develop due to the failure of valves in the superficial veins of the l
Gram Positive Testing Gram Positive Testing
The bacterial cell wall: (a) gram-positive bacterium; (b) gram-negative bacterium. The bacterial cell wall: (a) gram-positive bacterium; (b) gram-negative bacterium.
Positive and Negative Reinforcement Positive and Negative Reinforcement
A land snail (Helix aspersa) with the opening that leads to its lung visible at the left. A land snail (Helix aspersa) with the opening that leads to its lung visible at the left.
Video: Muscular System Animation

For a complete list of videos, visit our video library