« previous next »

Author Question: In Coase's confectioner and doctor example, what was the externality? a. The doctor building his ... (Read 83 times)

darbym82

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
In Coase's confectioner and doctor example, what was the externality?
 
  a. The doctor building his office so close to the confectioner.
  b. The vibrations generated by the confectioner's production process.
  c. The large number of people entering the confectioner's factory thinking it was the doctor's office.
   d. The screams of the doctor's patients disrupted factory workers from performing their duties.

Question 2

If outcomes are ________, exactly one of the outcomes will occur and the probabilities add up to ________.
 
  A) probabilistic; between 0 and 1
  B) exhaustive and mutually exclusive; 1
  C) exhaustive; 1
  D) mutually exclusive; between 0 and 1


HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

building blocks building blocks
Building competency Building competency
Building competency in safety Building competency in safety
Teresa Hubbard and Alexander Birchler, Detached Building. Teresa Hubbard and Alexander Birchler, Detached Building.
Ludwig Mies van der Rohe and Philip Johnson, Seagram Building, New York City. Ludwig Mies van der Rohe and Philip Johnson, Seagram Building, New York City.
Building a synthetic version of the 1.08-Mb Mycoplasma mycoides genome JCVI-syn1.0 Building a synthetic version of the 1.08-Mb Mycoplasma mycoides genome JCVI-syn1.0
Video: Inflammation and Fever

For a complete list of videos, visit our video library