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

Author Question: Assume that production of a good generates external benefits for others. The equilibrium price of ... (Read 101 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
Assume that production of a good generates external benefits for others. The equilibrium price of the good will be ____ and the equilibrium quantity ____ for efficient resource allocation.
 a. too high; too high.
  b. too high; too low.
  c. too low; too high.
  d. too low, too low.

Question 2

Which of the following is not a major trading partner of the U.S.?
 a. Canada
  b. Mexico
  c. Russia
 d. China


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

phuda

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


burton19126

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jun 30, 2018
Thank you


phuda

  • Sr. Member
  • ****
  • Posts: 348
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

onions taste good onions taste good
External acoustic meatus External acoustic meatus
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
Rat's external anatomy Rat's external anatomy
Stem Cell Production Stem Cell Production
Production of colorless sectors and reversion of the unstable colorless Production of colorless sectors and reversion of the unstable colorless
Video: Dissociative Disorders (Part 1)

For a complete list of videos, visit our video library