« previous next »

Author Question: If the social cost of producing a good or service exceeds the private cost A) the sum of consumer ... (Read 89 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
If the social cost of producing a good or service exceeds the private cost
 
  A) the sum of consumer surplus and producer surplus is maximized.
  B) a positive externality exists.
  C) the market achieves economic efficiency.
  D) a negative externality exists.

Question 2

Sole proprietorships are ________ type of business.
 
  A) the most common B) the least risky C) the most profitable D) the least common
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Rilsmarie951

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Eating is a nutritional as well as a social time Eating is a nutritional as well as a social time
Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
Do not interact with a service dog unless you have permission from its owner. Do not interact with a service dog unless you have permission from its owner.
Rice noodles are a good gluten-free substitute for pasta Rice noodles are a good gluten-free substitute for pasta
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library