When an external cost exists in the production of a good, firms tend to
A) under-produce the good since society pays these costs.
B) over-produce the good.
C) keep production constant throughout the year.
D) under-allocate resources to the production of the good.
Question 2
Refer to the above table. Suppose the demand for smartphones rises because more people use the Internet with a smartphone. The new equilibrium price will be
A) 200.
B) 275.
C) more than 275.
D) impossible to be determined given the information.
Primary production increases with an increase in total phosphorus concentration.
“Bad,” “neutral,” and “good” mutations.
Peanut butter is good source of protein
World Crude Oil Production and Reserves (Billions of Barrels)
Most Canadian seniors rated their health as good to excellent.
Ethylene Production During Strawberry Ripening