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Author Question: The figure above shows the marginal benefit curve (MB) and marginal cost curve (MC) of surveillance ... (Read 220 times)

jenna1

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on: May 24, 2019


The figure above shows the marginal benefit curve (MB) and marginal cost curve (MC) of surveillance satellites that provide national defense services.


In the figure above, a private market will most likely produce
◦ no satellites because of the free-rider problem.
◦ 200 satellites because at this point marginal benefit equals marginal cost.
◦ less than 200 satellites because over this output range marginal benefit exceeds marginal cost.
◦ more than 200 satellites because over this output range marginal benefit is below marginal cost.
◦ 200 satellites because at this point the market will be in equilibrium.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by jenna1 on May 24, 2019

atrochim

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jenna1

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Reply #2 on: May 24, 2019
Thank you!


atrochim

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Reply #3 on: May 24, 2019
Always glad to help...


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