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 109 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?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Failure of the Equal Rights Amendment, 1972–1982 Failure of the Equal Rights Amendment, 1972–1982
The Social Brain The Social Brain
If drug elimination mechanisms become saturated, a drug may exhibit zero-order elimination. If drug elimination mechanisms become saturated, a drug may exhibit zero-order elimination.
Enduring Social Issues Enduring Social Issues
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
First-order sensory neuron with free nerve endings First-order sensory neuron with free nerve endings
Video: Global warming and its effect on climate change

For a complete list of videos, visit our video library