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

Author Question: Refer to the figure above. If Lithasia does not engage in international trade, what is the domestic ... (Read 62 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
Refer to the figure above. If Lithasia does not engage in international trade, what is the domestic production of pens?
 
  A) 0 units
  B) 6 units
  C) 12 units
  D) 16 units

Question 2

The figure above illustrates the marginal private cost and the marginal social cost to the city of Seattle for each rock concert that is offered. If 5 concerts are put on, then the
 
  A) marginal external cost will be greater than the marginal social cost.
  B) marginal external cost will be greater than the marginal private cost.
  C) marginal external cost will equal the marginal private cost.
  D) marginal social cost will equal the marginal external cost.
  E) marginal external cost will equal zero.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ashley I

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Mimi

  • Member
  • Posts: 542
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

The meninges. This figure illustrates the location and structure of each layer of the meninges and t The meninges. This figure illustrates the location and structure of each layer of the meninges and t
A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no
International space station. International space station.
The cube of insulating material shown in the figure has one corner at the origin. Each side of ... The cube of insulating material shown in the figure has one corner at the origin. Each side of ...
Swimming Pool (Figure 3.1) Swimming Pool (Figure 3.1)
QTL mapping in domestic tomato QTL mapping in domestic tomato
Video: Gastrin (protein digestion)

For a complete list of videos, visit our video library