Author Question: The above figure shows the marginal benefit and marginal cost curves for a public good. The quantity ... (Read 164 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
The above figure shows the marginal benefit and marginal cost curves for a public good. The quantity that has the best prospect of winning in an election by well-informed voters is
 
  A) A.
  B) B.
  C) C.
  D) zero units supplied.

Question 2

Along an indifference curve
 
  A) the marginal rate of substitution is constant but not equal to zero.
  B) the consumer does not prefer one consumption point to another.
  C) the marginal rate of substitution is equal to 0.
  D) the consumer prefers some of the consumption points to others.


helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

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.

For a complete list of videos, visit our video library