« previous next »

Author Question: If a good has an external benefit, efficiency can be achieved by A) leaving the market ... (Read 37 times)

haleyc112

  • Hero Member
  • *****
  • Posts: 600
on: Jun 29, 2018
If a good has an external benefit, efficiency can be achieved by
 
  A) leaving the market unregulated.
  B) monopolizing the market.
  C) offering a private subsidy on the good equal to the external benefit.
  D) imposing a tax on the good equal to the external benefit.

Question 2

The above figure shows Jane's budget line and two of her indifference curves. Which of the following happens to Jane's budget line if there were a decrease in her monthly dining out budget?
 
  A) It would bend toward the origin, becoming more convex.
  B) It would bend away from the origin, becoming more concave.
  C) It would shift rightward and not change its slope.
  D) It would shift leftward and not change its slope.


momtoalll

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

External Ear External Ear
“Bad,” “neutral,” and “good” mutations. “Bad,” “neutral,” and “good” mutations.
Structures of external, middle, and inner ear Structures of external, middle, and inner ear
Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ... Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ...
Vegetable oils are good sources of essential fatty acids Vegetable oils are good sources of essential fatty acids
Ecosystem Energy Flow and Efficiency Ecosystem Energy Flow and Efficiency
Video: Role of transport in a cell

For a complete list of videos, visit our video library