This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to the scenario above. What is the equilibrium outcome in this case? A) Both firms will ... (Read 58 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
on: Jun 29, 2018
Refer to the scenario above. What is the equilibrium outcome in this case?
 
  A) Both firms will dump their waste into the river.
  B) Neither of the firms will dump its waste into the river.
  C) Firm 1 will dump its waste into the river, while Firm 2 will not dump its waste.
  D) Firm 2 will dump its waste into the river, while Firm 1 will not dump its waste.

Question 2

If a tariff is imposed on imports of shrimp into the United States, U.S. producer surplus from shrimp will ________ and U.S. total surplus from shrimp will ________.
 
  A) increase; increase
  B) increase; decrease
  C) decrease; increase
  D) decrease; decrease
  E) increase; not change


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

thall411

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

A

Answer to Question 2

B


Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
The violation of mores is a serious matter. In this case, it is serious enough that security at an ... The violation of mores is a serious matter. In this case, it is serious enough that security at an ...
Othmer’s Equilibrium Still Schematic Diagram Othmer’s Equilibrium Still Schematic Diagram
The family described in Example Case 2 The family described in Example Case 2
The family described in Example Case 3 The family described in Example Case 3
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
Video: Magnetic resonance imaging (MRI)

For a complete list of videos, visit our video library