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

Author Question: Refer to the above figures. An external cost exists. This will lead to a(n) A) underproduction ... (Read 63 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
Refer to the above figures. An external cost exists. This will lead to a(n)
 
  A) underproduction equal to Q1 minus Q2.
  B) overproduction equal to Q4 minus Q3.
  C) underproduction equal to Q4 minus Q3.
  D) overproduction equal to Q1 minus Q2.

Question 2

Which of the following statements concerning economic models is FALSE?
 
  A) Economic models must provide usable predictions.
  B) Economic models are based on pure fact and no assumptions.
  C) Economic models are tested empirically.
  D) Economic models relate to how people behave.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Galvarado142

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Tazate

  • Member
  • Posts: 532
Reply 2 on: Jun 29, 2018
Gracias!

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

The arrangement of the external eye muscles: (A) lateral and (B) anterior views. The arrangement of the external eye muscles: (A) lateral and (B) anterior views.
Structures of external, middle, and inner ear Structures of external, middle, and inner ear
Rat's external anatomy Rat's external anatomy
Internal and external attributions Internal and external attributions
Serving unfamiliar foods repeatedly and asking the child to try a bite can lead to gradual ... Serving unfamiliar foods repeatedly and asking the child to try a bite can lead to gradual ...
Use an Automated External Defibrillator Use an Automated External Defibrillator
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library