« previous next »

Author Question: When the consumption of a good creates an external benefit, A) the marginal social cost curve ... (Read 93 times)

SAVANNAHHOOPER23

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
When the consumption of a good creates an external benefit,
 
  A) the marginal social cost curve lies below the marginal private cost curve.
  B) the marginal social benefit curve lies above the marginal private benefit curve.
  C) the quantity produced in an unregulated, competitive market is greater than the efficient quantity.
  D) None of the above answers is correct.

Question 2

For a monopsony, the labor supply curve
 
  A) lies above the MCL curve.
  B) is the same as the MCL curve.
  C) lies below the MCL curve.
  D) is the same as the labor demand curve.


Jayson

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

external combustion engine external combustion engine
Internal and external attributions Internal and external attributions
Social Institutions in Industrial and Postindustrial Societies. Social Institutions in Industrial and Postindustrial Societies.
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
Comparison of energy consumption in developing and industrialized nations Comparison of energy consumption in developing and industrialized nations
Cost of Laptops Cost of Laptops
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library