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 48 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
Great answer, keep it coming :)

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

front muscle figure front muscle figure
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Mobilize joints of the feet and ankle. Apply scissoring to metatarsals and figure-8s to toes. Dorsi- ... Mobilize joints of the feet and ankle. Apply scissoring to metatarsals and figure-8s to toes. Dorsi- ...
Social Networks Social Networks
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Social Learning in Lobsters Social Learning in Lobsters
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library