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Author Question: A supply curve shows the relation between the quantity of a good supplied and A) income. Usually ... (Read 26 times)

eruditmonkey@yahoo.com

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on: Jun 29, 2018
A supply curve shows the relation between the quantity of a good supplied and
 
  A) income. Usually a supply curve has negative slope.
  B) income. Usually a supply curve has positive slope.
  C) the price of the good. Usually a supply curve has negative slope.
  D) the price of the good. Usually a supply curve has positive slope.

Question 2

When the benefits of producing a good or service spill over to other people, rather than just the buyer, the spillover is referred to as
 
  A) an external benefit.
  B) an external cost.
  C) a marginal cost.
  D) an equilibrium social output.
  E) a Coasian good.


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Hikerman221

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

D

Answer to Question 2

A


eruditmonkey@yahoo.com

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

komodo7

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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