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Author Question: Which explains why supply curves slope upward to the right? A) Sunk costs B) Decreasing average ... (Read 73 times)

Chloeellawright

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on: Jun 29, 2018
Which explains why supply curves slope upward to the right?
 
  A) Sunk costs
  B) Decreasing average costs
  C) Increasing marginal costs
  D) Multiple per-unit costs

Question 2

The above figure shows the market for college education in the United States. With no government intervention, the unregulated market equilibrium is ________ because education generates ________.
 
  A) efficient; positive external benefits
  B) inefficient; positive external benefits
  C) inefficient; positive external costs
  D) efficient; positive external costs
  E) inefficient; public goods


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billybob123

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

C

Answer to Question 2

B


Chloeellawright

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
Excellent

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