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Author Question: What are the three basic economic decisions each household must make? What will be an ideal ... (Read 73 times)

amal

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on: Jun 29, 2018
What are the three basic economic decisions each household must make?
 
  What will be an ideal response?

Question 2

When there is a positive externality
 
  A) the marginal social benefit received by consumers is greater than the marginal private benefit.
  B) the marginal private benefit received by consumers is greater than the marginal private cost.
  C) the marginal private benefit received by consumers is greater than the external benefit.
  D) the marginal private benefit received by consumers is greater than the marginal social benefit.


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orangecrush

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Reply #1 on: Jun 29, 2018
Answer to Question 1

(1.) How much of each product to demand.
(2.) How much labor to supply.
(3.) How much to spend today and how much to save for the future.

Answer to Question 2

A


amal

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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