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Author Question: Refer to the table above. If the six highest-value buyers and the six least-cost sellers engage in ... (Read 28 times)

FButt

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on: Jun 29, 2018
Refer to the table above. If the six highest-value buyers and the six least-cost sellers engage in trade, what is the social surplus?
 
  A) 6
  B) 8
  C) 10
  D) 12

Question 2

How does the social problem of positive externalities differ from the problem created by negative externalities?
 
  A) Positive externalities can create free-rider problems; negative externalities do not.
  B) Positive externalities are created by altruistic people; negative externalities are not.
  C) Negative externalities can create free-rider problems; positive externalities do not.
  D) Negative externalities are created by selfish people; positive externalities are not.
  E) Trick question: neither positive nor negative externalities create a social problem.


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rleezy04

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


FButt

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Reply 2 on: Jun 29, 2018
Gracias!

xoxo123

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Reply 3 on: Yesterday
Excellent

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