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

Author Question: Private vs. Social BenefitsThe graph shows the marginal benefit (MB) and the marginal social benefit ... (Read 439 times)

zl00505

  • Full Member
  • ***
  • Posts: 146
on: Nov 23, 2022

Question 1

Private vs. Social Cost

The graph shows the marginal cost (MC) and marginal social cost of raising chickens for egg production.
 
Assume that P1=$2.50, P2=$9.00, P3=$14.60, Q1=275, and Q2=625. What is the marginal private cost of producing 625 eggs? Marginal social cost? Marginal external cost?
◦ $14.60, $9.00, $5.60
◦ $14.60, $2.50, $12.10
◦ $2.50, $9.00, $5.60
◦ $2.50, $14.60, $12.10

Question 2

Private vs. Social Benefits

The graph shows the marginal benefit (MB) and the marginal social benefit of a college education.
 
Assume that P1=$12,250, P2=$16,750, P3=$24,750, P4=$26,250, Q1=1,750, Q2=8,250, and Q3=14,750. What is the marginal private benefit of 1,750 people attending college? Marginal social benefit? Marginal external benefit?
◦ $12,250, $16,750, $4,500
◦ $16,750, $26,250, $9,500
◦ $24,750, $26,250, $4,500
◦ $26,250, $8,250, $9,500
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by zl00505 on Nov 23, 2022

kaelamcrone

  • Full Member
  • ***
  • Posts: 167
Reply #1 on: Nov 23, 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 58% of students answer this correctly


zl00505

  • Member
  • Posts: 146
Reply 2 on: Nov 23, 2022
Excellent

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Electron microscopy of mRNA-template DNA hybrids shows that introns are spliced Electron microscopy of mRNA-template DNA hybrids shows that introns are spliced
Shy children often have a high arousal level in novel social situations. Over time, parents can help ... Shy children often have a high arousal level in novel social situations. Over time, parents can help ...
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.
Adult neurogenesis. The top panel shows new cells in the dentate gyrus of the hippocampus—the cell ... Adult neurogenesis. The top panel shows new cells in the dentate gyrus of the hippocampus—the cell ...
Graph to Function Cosine Graph to Function Cosine
Graph the function by hand & label key points on graph: Graph the function by hand & label key points on graph:
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library