This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If production of a good produces an external benefit, in order for the marginal social cost to equal ... (Read 94 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
If production of a good produces an external benefit, in order for the marginal social cost to equal the marginal social benefit
 
  A) the good should be taxed.
  B) permits should be required to purchase the good.
  C) the good could be subsidized.
  D) the government needs to take no action.

Question 2

The supply of land is
 
  A) perfectly elastic.
  B) elastic, but not perfectly elastic.
  C) perfectly inelastic.
  D) inelastic, but not perfectly inelastic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

smrerig

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


scienceeasy

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jun 29, 2018
Correct answers!


smrerig

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
Abiotic production of biomolecules Abiotic production of biomolecules
3D Plant Layout - Side View for Dual-Stage Pressure Production of Nitric Acid 3D Plant Layout - Side View for Dual-Stage Pressure Production of Nitric Acid
How to use Cramer's rule to solve a second-order determinant (Question 1) How to use Cramer's rule to solve a second-order determinant (Question 1)
Too Much Alcohol Costs You Good Nutrition Too Much Alcohol Costs You Good Nutrition
Stem Cell Production Stem Cell Production
Video: Simple and Double Sugar

For a complete list of videos, visit our video library