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

Author Question: Overproduction compared to the efficient amount implies that for the last unit produced A) ... (Read 86 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
Overproduction compared to the efficient amount implies that for the last unit produced
 
  A) marginal social benefit exceeds marginal social cost.
  B) marginal social benefit equals marginal social cost.
  C) marginal social cost exceeds marginal social benefit.
  D) the deadweight loss is zero.

Question 2

The cross elasticity of demand is calculated as the percentage change in the
 
  A) quantity demanded of one good divided by the percentage change in the price of another good
  B) price of one good divided by the percentage change in the quantity demanded of another good.
  C) quantity demanded of one good divided by the percentage change in the quantity demanded of another good.
  D) price of one good divided by the percentage change in the price of another good.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

InfiniteSteez

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


piesebel

  • Member
  • Posts: 565
Reply 2 on: Jun 29, 2018
Wow, this really help

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Controlled cold compression unit. Controlled cold compression unit.
Mirror Box Therapy Compared to Mental Visualization and a Control Condition Mirror Box Therapy Compared to Mental Visualization and a Control Condition
Lattice Parameter Relationships and Figures Showing Unit Cell Geometries for the Seven Crystal Syste Lattice Parameter Relationships and Figures Showing Unit Cell Geometries for the Seven Crystal Syste
Calculation of the Amount of the Local Anesthetic and Vasoconstrictor Calculation of the Amount of the Local Anesthetic and Vasoconstrictor
If P(x,- 3/7) on the unit circle,x can be written as ± r sqrt s / t , r is ≠ 1. The value of ... If P(x,- 3/7) on the unit circle,x can be written as ± r sqrt s / t , r is ≠ 1. The value of ...
Which of the following is not a unit factor related to a 15.0% aqueous solution Which of the following is not a unit factor related to a 15.0% aqueous solution
Video: How does asthma work?And How do you treat asthma?

For a complete list of videos, visit our video library