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

Author Question: If there are external costs in production and firms do not have to account for these costs, then ... (Read 81 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
on: Apr 19, 2019

Question 1

If there are external costs of production not accounted for, then marginal


◦ cost equals marginal social cost.
◦ cost is less than marginal social cost.
◦ cost is greater than marginal social cost.
◦ social cost is zero.

Question 2

If there are external costs in production and firms do not have to account for these costs, then firms will produce


◦ at the efficient level.
◦ an output level that is below the efficient level.
◦ an output level that is above the efficient level.
◦ an output level that is either above or below the efficient level.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by deesands on Apr 19, 2019

joanwhite

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


deesands

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: Apr 19, 2019
TY


joanwhite

  • Sr. Member
  • ****
  • Posts: 308
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Energy costs of locomotion. Energy costs of locomotion.
Oil and Natural Gas Production from More Wells in Smaller Areas Oil and Natural Gas Production from More Wells in Smaller Areas
Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme
World Aquaculture Production "لإنتاج العالمي لتربية الأحياء" World Aquaculture Production "لإنتاج العالمي لتربية الأحياء"
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Nonshivering heat production Nonshivering heat production
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library