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

Author Question: If firms have to account for external costs of production, then marginal social cost (Read 22 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: Apr 19, 2019

Question 1

If a profit-maximizing competitive firm ________ compensate society for a negative externality, the firm will choose to produce where price equals marginal cost.


◦ does not have to
◦ is pressured to
◦ voluntarily chooses to
◦ is legally bound to

Question 2

If firms have to account for external costs of production, then marginal social cost


◦ equals marginal cost.
◦ is less than marginal cost.
◦ is greater than marginal cost.
◦ is zero.
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 joesmith1212 on Apr 19, 2019

dlook33

  • Sr. Member
  • ****
  • Posts: 344
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


joesmith1212

  • Member
  • Posts: 549
Reply 2 on: Apr 19, 2019
Excellent

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Energy costs of locomotion. Energy costs of locomotion.
external combustion engine external combustion engine
Adolescents are preoccupied with finding their place in the social group as well as society. Adolescents are preoccupied with finding their place in the social group as well as society.
Measuring Social Development Measuring Social Development
Cost of Laptops Cost of Laptops
The Production of Cytotoxic T-lymphocytes (CTLs) The Production of Cytotoxic T-lymphocytes (CTLs)
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library