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Author Question: To achieve the efficient amount of use of a common resource, the use should be such that ________ ... (Read 147 times)

fox

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on: Jun 29, 2018
To achieve the efficient amount of use of a common resource, the use should be such that ________ equals ________.
 
  A) marginal social cost; marginal private cost
  B) marginal social cost; marginal social benefit
  C) marginal social benefit; marginal private cost
  D) marginal private cost; marginal private benefit

Question 2

In the used car market, adverse selection can be limited by
 
  A) offering warranties.
  B) establishing loan limits.
  C) requiring high deductibles.
  D) requiring low deductibles.


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choc0chan

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

B

Answer to Question 2

A


fox

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Reply #2 on: Jun 29, 2018
Correct answers!


choc0chan

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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