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

Author Question: Why might it be economically efficient to offer access to an uncongested art gallery or museum at a ... (Read 13 times)

rubiosusy7

  • Full Member
  • ***
  • Posts: 152
on: Oct 12, 2022

Question 1

The "informal defence" of free markets includes the argument that markets
◦ lead to allocative efficiency.
◦ achieve the maximum feasible rate of economic growth.
◦ lead to productive efficiency.
◦ provide automatic coordination of the actions of decentralized decision makers.
◦ permit a centralization of economic power.

Question 2

Why might it be economically efficient to offer access to an uncongested art gallery or museum at a price of zero?
◦ because they are public goods, which would not be provided by the free market
◦ because they are non-rivalrous and non-excludable and therefore should be provided at a price of zero
◦ because the marginal cost of providing access to one more visitor is zero, while the visitor has a positive marginal benefit
◦ because it is good for society if more people visit art galleries and museums
◦ because the marginal benefit received by the visitor is zero, and marginal benefits and marginal cost should be equal
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by rubiosusy7 on Oct 12, 2022

Asfa

  • Full Member
  • ***
  • Posts: 166
Reply #1 on: Oct 12, 2022
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 39% of students answer this correctly


rubiosusy7

  • Member
  • Posts: 152
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

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

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

A 19-foot-long blue whale skull in the collections of the Smithsonian Museum of Natural History A 19-foot-long blue whale skull in the collections of the Smithsonian Museum of Natural History
Gallery of Xylosandrus crassiusculus split open, with pupae and black fungus Gallery of Xylosandrus crassiusculus split open, with pupae and black fungus
Injecting an IV push (bolus) medication; C, another type of needleless syringe and needleless IV acc Injecting an IV push (bolus) medication; C, another type of needleless syringe and needleless IV acc
Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus
Shortly after his death, George Washington had already become myth—part Moses, part angel—in this wo Shortly after his death, George Washington had already become myth—part Moses, part angel—in this wo
Sustainable Food Systems Are Environmentally Friendly, Economically Sound, and Socially Equitable Sustainable Food Systems Are Environmentally Friendly, Economically Sound, and Socially Equitable
Video: Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library