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

Author Question: If the marginal social benefit of pizza exceeds the marginal social cost of pizza, the economy is ... (Read 148 times)

humphriesbr@me.com

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
If the marginal social benefit of pizza exceeds the marginal social cost of pizza, the economy is producing the efficient quantity of pizza.
 
  Indicate whether the statement is true or false

Question 2

In the Village of Punjab, Sheryl owns a well, which is the only source of drinking water. The supply of water is perfectly inelastic at a quantity of 1,000 gallons of water per day.
 
  At a price of 2.00 per gallon, the quantity demanded per day is 1,000 gallons. The government imposes a 0.50 per gallon tax.
  a) After the tax is imposed, what is the price paid by the villagers? What is the price received by Sheryl?
  b) How much revenue does the government collect?
  c) What fraction of the tax does Sheryl pay? What fraction is paid by the villagers?
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dmurph1496

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
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.
Answer Preview
Only 56% of students answer this correctly


humphriesbr@me.com

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jun 29, 2018
Thank you :)


dmurph1496

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Ethics in social research are of vital concern to sociologists. As discussed in the text, ... Ethics in social research are of vital concern to sociologists. As discussed in the text, ...
Sociologists disagree about the relative significance of race and social class in determining social ... Sociologists disagree about the relative significance of race and social class in determining social ...
Stressing that education reproduces a country’s social class system, conflict theorists point out ... Stressing that education reproduces a country’s social class system, conflict theorists point out ...
Economic and Social Development Economic and Social Development
Cost of Laptops Cost of Laptops
5. Social contract theorists believe that the social contract is/was a historical fact. ... 5. Social contract theorists believe that the social contract is/was a historical fact. ...
Video: Mitosis step-by-step

For a complete list of videos, visit our video library