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

Author Question: The external benefit of a good A) equals its consumer surplus. B) equals its producer surplus. ... (Read 162 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
The external benefit of a good
 
  A) equals its consumer surplus.
  B) equals its producer surplus.
  C) equals its total surplus.
  D) is a benefit from the good falling on people who are not the consumers of the good.

Question 2

Graphing the data in the above table with the number of workers on the horizontal axis and the average cost on the vertical axis, the graph would show
 
  A) first a negative and then a positive relationship.
  B) a horizontal line.
  C) no relationship.
  D) a linear relationship.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jordin Calloway

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

D

Answer to Question 2

A




appyboo

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Excellent


hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

For a complete list of videos, visit our video library