« previous next »

Author Question: When the amount of output is such that marginal social benefit exceeds marginal social cost, then to ... (Read 85 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 29, 2018
When the amount of output is such that marginal social benefit exceeds marginal social cost, then to reach the efficient quantity
 
  A) production should be increased.
  B) production should be decreased.
  C) production should remain constant.
  D) More information is needed to determine if production should be increased, decreased, or not changed.

Question 2

Starting at the top of a straight-line downward sloping demand curve, as the price falls, total expenditures will
 
  A) initially increase and then decrease.
  B) initially decrease and then increase.
  C) increase along the entire demand curve.
  D) decrease along the entire demand curve.


deja

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Recombinants are meiotic output different from meiotic input Recombinants are meiotic output different from meiotic input
By distancing themselves from the social reformers, early American sociologists ignored female ... By distancing themselves from the social reformers, early American sociologists ignored female ...
Shy children often have a high arousal level in novel social situations. Over time, parents can help ... Shy children often have a high arousal level in novel social situations. Over time, parents can help ...
Social Class and Religious Affiliation Social Class and Religious Affiliation
Demographic change and the effect on people social, and economic life Demographic change and the effect on people social, and economic life
My brain in social media and studies My brain in social media and studies
Video: Magnetic resonance imaging (MRI)

For a complete list of videos, visit our video library