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

Author Question: In the above figure, suppose the quantity produced is 40. Then A) the marginal social cost of the ... (Read 66 times)

panfilo

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
In the above figure, suppose the quantity produced is 40. Then
 
  A) the marginal social cost of the 40th unit is 1.
  B) the willingness to pay for the 40th unit is 2, the equilibrium price.
  C) production is not efficient because MSB > MSC.
  D) production is not efficient because MSC>MSB.

Question 2

According to the budget line in the above figure, which of the following combinations is unaffordable?
 
  A) 1 pizza and 3 CDs
  B) 3 pizzas and 2 CDs
  C) 2 pizzas and 4 CDs
  D) All of the above are affordable.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JYan

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


panfilo

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
Gracias!

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

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

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Symbolic language may have helped reinforce exclusive sexual relationships within social groups in l Symbolic language may have helped reinforce exclusive sexual relationships within social groups in l
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
Cut the figure into two identical parts Cut the figure into two identical parts
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her
Lod Score Values for the Families in Figure 5.15 Lod Score Values for the Families in Figure 5.15
Video: Mutations and translation

For a complete list of videos, visit our video library