Author Question: A cost due to an increase in activity is called A) an incentive loss. B) a marginal cost. C) a ... (Read 103 times)

appyboo · **on:** Jun 29, 2018

A cost due to an increase in activity is called

A) an incentive loss.
B) a marginal cost.
C) a negative marginal benefit.
D) the total cost.

Question 2

The figure above shows the market for private elementary school education in Chicago. There is no external cost of private elementary education.

If the government does not intervene in this market, the equilibrium number of students being privately educated is ________ and the efficient quantity is ________. A) 0 students; 400 students
B) 400 students; 400 students
C) 400 students; 600 students
D) 600 students; 400 students
E) 600 students; 600 students