This topic contains a solution. Click here to go to the answer

Author Question: An important difference between the demand for a private good and the demand for a public good is ... (Read 60 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
An important difference between the demand for a private good and the demand for a public good is that
 
  A) the resources used to provide public goods are common resources or government owned; the resources used to produce private goods are all privately owned.
  B) individuals reveal their preferences for a public good but they do not have to reveal their preferences a private good.
  C) the demand for a private good produces consumption externalities; the demand for a public good produces production externalities.
  D) individuals reveal their preferences for a private good but they do not have to reveal their preferences for a public good.

Question 2

In order to be binding, a price floor
 
  A) must lie below the free-market equilibrium price.
  B) must coincide with the free-market equilibrium price.
  C) must be high enough for firms to earn a profit.
  D) must lie above the free-market equilibrium price.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scottmt

  • Sr. Member
  • ****
  • Posts: 322
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 25% of students answer this correctly




future617RT

  • Member
  • Posts: 543
Reply 2 on: Jun 29, 2018
:D TYSM


jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

For a complete list of videos, visit our video library