This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why will a private market be unable to produce the efficient quantity of public goods? A) because ... (Read 105 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
Why will a private market be unable to produce the efficient quantity of public goods?
 
  A) because the good's marginal cost is too low
  B) because the good is nonexcludable, so there is the free rider problem
  C) because the good is rival, so no one will want to pay the producer for it
  D) All of the above answers are correct.

Question 2

In the figure above, the Lorenz curve that shows the richest 20 of households percent receiving 60 percent of all income is
 
  A) curve A.
  B) curve B.
  C) curve C.
  D) curve D.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blazinlyss

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Themember4

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph
Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
The puppet, created for the Tbilisi Marionette Theatre, is controlled by forces hidden from public ... The puppet, created for the Tbilisi Marionette Theatre, is controlled by forces hidden from public ...
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
Stock Market Question Stock Market Question
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library