Author Question: If a good has zero external costs, then A) marginal social cost equal marginal private cost. B) ... (Read 168 times)

K@ · **on:** Jun 29, 2018

If a good has zero external costs, then

A) marginal social cost equal marginal private cost.
B) marginal social cost is greater than marginal private cost.
C) marginal social cost is less than marginal private cost.
D) we need more information to determine the relationship between private and social costs.

Question 2

If V = 5, P = 3, and Y = 50, then the quantity of money equals

A) 10.
B) 30.
C) 150.
D) 300.