« previous next »

Author Question: If a good has an external cost, then the marginal private cost curve A) lies below the marginal ... (Read 55 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
If a good has an external cost, then the marginal private cost curve
 
  A) lies below the marginal social cost curve.
  B) lies above the marginal social cost curve.
  C) is negative.
  D) is the same as the marginal external cost curve.

Question 2

Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is 4, what is the value of marginal product of the 4th worker?
 
  A) 240
  B) 70
  C) 10
  D) 40
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


scikid

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

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?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

External View of the Right Eye External View of the Right Eye
The thymus gland. This gland lies in the mediastinum of the thoracic cavity, just above the heart. I The thymus gland. This gland lies in the mediastinum of the thoracic cavity, just above the heart. I
Range of Motion of the Hip Joint, Position of the Leg for Full External Rotation Range of Motion of the Hip Joint, Position of the Leg for Full External Rotation
Titration Curve Titration Curve
The major external features of a neuron. The major external features of a neuron.
Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ... Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ...
Video: Polysaccharides

For a complete list of videos, visit our video library