This topic contains a solution. Click here to go to the answer

Author Question: Suppose that the marginal social benefit from another unit of a public good is less than the ... (Read 187 times)

Jipu 123

  • Hero Member
  • *****
  • Posts: 569
Suppose that the marginal social benefit from another unit of a public good is less than the marginal social cost of producing it. Then
 
  A) the principle of minimum differentiation means that production should be decreased.
  B) the number of free riders is at its efficient amount.
  C) less of the product should be produced because its provision exceeds the efficient level.
  D) more of the product should be produced because its provision is less than the efficient level.

Question 2

In the above figure, at a price of 6, a perfectly competitive firm produces ________ and it ________.
 
  A) some output; incurs an economic loss
  B) 0; incurs an economic loss
  C) 0; does not incur an economic loss or make an economic profit
  D) 0; makes an economic profit



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ririgirl15

  • Sr. Member
  • ****
  • Posts: 385
Answer to Question 1

C

Answer to Question 2

A




Jipu 123

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Wow, this really help


amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Gracias!

 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

For a complete list of videos, visit our video library