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

Author Question: If perfectly competitive firms have to account for external costs of production, then at the ... (Read 42 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Question 1

If firms have to account for external costs in production, then they will produce an output level that is ________ the efficient level.


◦ at
◦ below
◦ above
◦ either above or below

Question 2

If perfectly competitive firms have to account for external costs of production, then at the equilibrium level of output


◦ P = 
MC
◦ P < 
MSC
◦ MC = MSC
◦ Both 
P = 
MC and 
MC = MSC are correct.
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 Collmarie on Apr 19, 2019

asdfghjkl;

  • Sr. Member
  • ****
  • Posts: 323
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


Collmarie

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Apr 19, 2019
Thank you!


asdfghjkl;

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Production efficiency. Production efficiency.
Structures of external, middle, and inner ear Structures of external, middle, and inner ear
Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ... Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ...
Stem Cell Production Stem Cell Production
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Ethylene Production During Strawberry Ripening Ethylene Production During Strawberry Ripening
Video: Asthma Treatment

For a complete list of videos, visit our video library