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Author Question: The figure above shows the market for a good with an external benefit. If the government wants to ... (Read 88 times)

Sportsfan2111

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on: Jun 29, 2018
The figure above shows the market for a good with an external benefit. If the government wants to grant a subsidy so that the efficient quantity is produced, the subsidy must equal ________ per unit.
 
  A) 100
  B) 150
  C) 250
  D) 300
  E) 50

Question 2

Which of the following is likely to cause a decrease in both the wage rate and the level of employment in an industry?
 
  A) A right shift in the supply curve for labor, without any change in the demand curve for labor
  B) A left shift in the supply curve for labor, without any change in the demand curve for labor
  C) A right shift in the demand curve for labor, without any change in the supply curve for labor
  D) A left shift in the demand curve for labor, without any change in the supply curve for labor
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Chou

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

B

Answer to Question 2

D


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