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Author Question: You spend $300 every month to keep your lawn and garden maintained. Your neighbor has told you that ... (Read 87 times)

jjjetplane

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on: Apr 19, 2019

Question 1

If the production of a good generates external benefits, the government could increase efficiency by


◦ taxing the production of the good to reduce the amount produced.
◦ subsidizing production of the good to increase the amount produced.
◦ regulating production of the good to reduce the amount produced.
◦ requiring all producers of the product to be licensed to produce the product.

Question 2

You spend $300 every month to keep your lawn and garden maintained. Your neighbor has told you that she derives $50 a month in enjoyment from being able to look at your beautiful yard. Which of the following is 
true?


◦ You are spending too much on your yard, because your neighbor derives only $50 worth of benefits.
◦ You should refuse to spend anything on your yard unless your neighbor pays you $50 a month.
◦ If you took into consideration the benefits your neighbor derived, the efficient level of lawn maintenance would be greater than $300 a month.
◦ If you took into consideration the benefits your neighbor derived, the efficient level of lawn maintenance would be less than $300 a month.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jjjetplane on Apr 19, 2019

brittanywood

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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.
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jjjetplane

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Reply 2 on: Apr 19, 2019
Excellent

hollysheppard095

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Reply 3 on: Yesterday
Wow, this really help

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