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

Author Question: Refer to Figure 5-6. What does D2 represent? A) the demand curve reflecting marginal social ... (Read 72 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
Refer to Figure 5-6. What does D2 represent?
 
  A) the demand curve reflecting marginal social benefits
  B) the positive externalities curve
  C) the demand curve reflecting marginal private benefits
  D) the social welfare curve

Question 2

Based on Scenario 1 above critically evaluate the following statement. Because of the productivity differential between the two men we can conclude that the young man has a comparative advantage in the production of everything over the older man.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

This statement is not true. Comparative advantage is achieved by being able to produce a good or service at a lower opportunity cost than someone else can. Here the only information that we have is that the young man is more productive than the older man. This isn't sufficient information to conclude that he has a comparative advantage in the production of everything.


@Brianna17

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
:D TYSM

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
Behavior modification has been useful in raising the amount of social responding by children with ... Behavior modification has been useful in raising the amount of social responding by children with ...
For Gulf War veterans, lack of social support in the field is related to postwar depression. The ... For Gulf War veterans, lack of social support in the field is related to postwar depression. The ...
In the 1960s, social psychologists did highly creative but controversial experiments. This photo, ... In the 1960s, social psychologists did highly creative but controversial experiments. This photo, ...
Social Class and Religious Affiliation Social Class and Religious Affiliation
EYEMA-O-BYERI (Reliquary Figure) EYEMA-O-BYERI (Reliquary Figure)
Video: Introduction to Eating Disorders

For a complete list of videos, visit our video library