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Author Question: When an external cost associated with the production of some good has been internalized, it means that (Read 134 times)

frosh101

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on: Oct 12, 2022

Question 1

Which of the following best describes how economists generally view pollution?
◦ as an economic "bad" that must be eliminated entirely
◦ as a non-excludable good
◦ as a negative economy
◦ as a positive externality
◦ as a negative externality

Question 2

When an external cost associated with the production of some good has been internalized, it means that
◦ the private cost of production is borne by the producer.
◦ the consumer is bearing the net social benefits imposed by the producer.
◦ the opportunity cost of production is passed on to the consumer.
◦ the firm is ignoring social costs.
◦ the external costs are incorporated into private decision making.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by frosh101 on Oct 12, 2022

KAyteeBee1129

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Reply #1 on: Oct 12, 2022
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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frosh101

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

hramirez205

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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