« previous next »

Author Question: The market demand curve for coffee is the same as the A) marginal social cost curve of coffee. ... (Read 100 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
The market demand curve for coffee is the same as the
 
  A) marginal social cost curve of coffee.
  B) marginal social benefit curve of coffee.
  C) opportunity cost curve of coffee.
  D) marginal social benefit curve minus the marginal social cost curve of coffee.

Question 2

A market demand curve measures
 
  A) how much a consumer is willing to pay for an additional unit of the good.
  B) the marginal social benefit of an additional unit of the good.
  C) the marginal social cost of an additional unit of the good.
  D) Both answers A and B are correct.


patma1981

  • Sr. Member
  • ****
  • Posts: 292
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Marx's Model Of The Social Classes Marx's Model Of The Social Classes
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Coffee will not sober you up. An intoxicated person who drinks coffee will end up being a stimulated Coffee will not sober you up. An intoxicated person who drinks coffee will end up being a stimulated
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Video: Ventilation - phases and driving forces

For a complete list of videos, visit our video library