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

Author Question: The efficient quantity of output of a product with external costs of production is A) where the ... (Read 60 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 29, 2018
The efficient quantity of output of a product with external costs of production is
 
  A) where the demand curve and the producer's supply curve intersect.
  B) where the marginal social cost curve and marginal social benefit curve intersect.
  C) as low as possible.
  D) zero.

Question 2

In the above figure, if the price is 16 per unit, how many units will a profit maximizing perfectly competitive firm produce?
 
  A) 0
  B) 20
  C) 30
  D) 35


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 29, 2018
:D TYSM

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Feedforward events can be conditioned to external stimuli. Feedforward events can be conditioned to external stimuli.
Examples of animals with external gills. Examples of animals with external gills.
Electricity production accounts for 25% of greenhouse gas emissions Electricity production accounts for 25% of greenhouse gas emissions
Structural of external, middle and inner ear Structural of external, middle and inner ear
Find the derivative using the product rule Find the derivative using the product rule
Ethylene Production During Strawberry Ripening Ethylene Production During Strawberry Ripening
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library