« previous next »

Author Question: Which of the following statements about the private production of a public good is true? a. ... (Read 54 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
on: Jul 1, 2018
Which of the following statements about the private production of a public good is true?
 
  a. Private production is not feasible unless government subsidizes it.
  b. Private production is only possible for pure public goods.
  c. Private production is always inefficient.
   d. Private production is provides useful information about consumer preferences.

Question 2

Explain why consumers benefit from a merger between a monopoly producer and its monopoly supplier of labor.
 
  What will be an ideal response?


cdmart10

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

A monopoly supplier of labor sells labor at an inflated wage. If the output monopoly purchases the monopoly source of labor, it will internally price labor at the competitive wage.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

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?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
In a public aquarium In a public aquarium
True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Production-scale tangential flow filtration system. Production-scale tangential flow filtration system.
Good alignment for sitting posture. Good alignment for sitting posture.
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
Video: Calvin cycle (The light-independent reactions )

For a complete list of videos, visit our video library