Author Question: Marginal social cost is equal to A) the amount people who buy a product pay for another unit. B) ... (Read 64 times)

abern

  • Hero Member
  • *****
  • Posts: 533
Marginal social cost is equal to
 
  A) the amount people who buy a product pay for another unit.
  B) whatever producers have to pay to produce output.
  C) the sum of marginal private cost and the marginal external cost.
  D) the average of marginal private cost and the marginal external cost.
  E) None of the above answers is correct.

Question 2

A truly voluntary exchange
 
  A) has nothing to do with values, only with things.
  B) is always an exchange of equal values.
  C) is not an exchange of equal values.
  D) is usually an exchange of equal values.



allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

For a complete list of videos, visit our video library