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

Author Question: The presence of a positive externality in a market leads to ________. A) an underproduction of ... (Read 94 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
The presence of a positive externality in a market leads to ________.
 
  A) an underproduction of the good
  B) an overproduction of the good
  C) a deadweight loss
  D) a fall in the consumer surplus

Question 2

Negative values of the price elasticity of demand of a good can be attributed to:
 
  A) the Law of Demand.
  B) the Law of Supply.
  C) the Law of Increasing Marginal Utility.
  D) the Law of Diminishing Marginal Rate of Substitution.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

orangecrush

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Ebrown

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

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

Microscopic photo taken by Opportunity showing a gray hematite concretion, indicative of the past pr Microscopic photo taken by Opportunity showing a gray hematite concretion, indicative of the past pr
Urinary tract infection. A UTI is characterized by fever, lumbar or abdominal pain, and pain or burn Urinary tract infection. A UTI is characterized by fever, lumbar or abdominal pain, and pain or burn
Empathy draws a more positive response from the patient because it is based on the willingness of th Empathy draws a more positive response from the patient because it is based on the willingness of th
Gram positive S. pyogenes bacteria in chains. Gram positive S. pyogenes bacteria in chains.
Positive ring precipitin test. Positive ring precipitin test.
Positive and Negative Punishment Positive and Negative Punishment
Video: Magnetic resonance imaging (MRI)

For a complete list of videos, visit our video library