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 40 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
YES! Correct, THANKS for helping me on my review

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

External View of the Right Eye External View of the Right Eye
Diverticulosis. Figure illustrates external and internal appearance of diverticula. Diverticulosis. Figure illustrates external and internal appearance of diverticula.
Some playgrounds near streets with heavy traffic may still have high levels of lead from gasoline ... Some playgrounds near streets with heavy traffic may still have high levels of lead from gasoline ...
Use an Automated External Defibrillator Use an Automated External Defibrillator
A meter lead connected to a T-pin that was gently pushed along the signal wire of the TP sensor ... A meter lead connected to a T-pin that was gently pushed along the signal wire of the TP sensor ...
Positioning of external auditory canal for tympanic membrane visualization Positioning of external auditory canal for tympanic membrane visualization
Video: Mechanics of Sound Animation

For a complete list of videos, visit our video library