This topic contains a solution. Click here to go to the answer

Author Question: The above figure shows the marginal social benefit, marginal private cost and marginal social cost ... (Read 130 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. If the market is competitive, what government policy might move the market closer to efficiency?
 
  A) The government could subsidize the production of steel.
  B) The government could tax the production of steel.
  C) The government could issue vouchers to steel consumers.
  D) None of the above answers is correct.

Question 2

A firm's value of marginal product of labor curve
 
  A) is flatter than its demand for labor curve.
  B) is steeper than its demand for labor curve.
  C) is its demand for labor curve.
  D) bends backward.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pswine

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

B

Answer to Question 2

C




lilldybug07

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Excellent


Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

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.

For a complete list of videos, visit our video library