Author Question: The above figure shows the marginal benefit and marginal cost curves for a public good. The quantity ... (Read 100 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
The above figure shows the marginal benefit and marginal cost curves for a public good. The quantity that has the best prospect of winning in an election by well-informed voters is
 
  A) A.
  B) B.
  C) C.
  D) zero units supplied.

Question 2

Along an indifference curve
 
  A) the marginal rate of substitution is constant but not equal to zero.
  B) the consumer does not prefer one consumption point to another.
  C) the marginal rate of substitution is equal to 0.
  D) the consumer prefers some of the consumption points to others.


helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

For a complete list of videos, visit our video library