« previous next »

Author Question: If the social cost of producing a good or service exceeds the private cost A) the sum of consumer ... (Read 92 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?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Three Tasmanian devils feeding. Eating is a social event for the Tasmanian devil, and groups of 2 to Three Tasmanian devils feeding. Eating is a social event for the Tasmanian devil, and groups of 2 to
The testes. In addition to producing sperm, the testes secrete the male sex hormones, primarily test The testes. In addition to producing sperm, the testes secrete the male sex hormones, primarily test
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 ...
Enduring Social Issues Enduring Social Issues
Good body mechanics for lifting heavy objects. Good body mechanics for lifting heavy objects.
Social Media Tools for Education Social Media Tools for Education
Video: ATPase function - membrane transport, contractile proteins and synthesis

For a complete list of videos, visit our video library