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Author Question: The points outside the production possibilities frontier are A) attainable. B) efficient. C) ... (Read 64 times)

silviawilliams41

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on: Jun 29, 2018
The points outside the production possibilities frontier are
 
  A) attainable. B) efficient. C) inefficient. D) unattainable.

Question 2

The table illustrates the market for Internet service. What is the market price of Internet service? If the government taxes Internet service 15 a month, what is the price the buyer pays?
 
  What is the price the seller rece-ives? Does the buyer or seller pay more of the tax?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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fdliggud

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

D

Answer to Question 2

The market price of an Internet service is 20 a month because that is the price at which the quantity demanded equals the quantity supplied. A figure is helpful to answer the questions about the tax incidence. If the government imposes a tax of 15 a month on Internet services


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