Author Question: Presently, GDP is ________ to compensate for the costs of environmental damage. A) adjusted on a ... (Read 89 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
Presently, GDP is ________ to compensate for the costs of environmental damage.
 
  A) adjusted on a chain-weight basis B) partially adjusted
  C) not adjusted D) fully adjusted

Question 2

Assume there is a toll bridge that is built by a private firm. It's been determined by cost accountants that the marginal cost that each automobile imposes is close to zero.
 
  If the bridge cost 1 million to build and 250,000 automobiles cross it each day what is the price that would be necessary for the firm to charge in order to achieve the key efficiency criteria of perfect competition? How might this be a problem for this private bridge company?



morrie123456

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

C

Answer to Question 2

The price would have to be equal to zero. This would equal to the marginal cost that each automobile imposes on the bridge. This would be a problem because the firm would not be able to stay in business.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

For a complete list of videos, visit our video library