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

Author Question: If a product has zero external costs, then A) marginal social cost equals marginal private cost. ... (Read 63 times)

geodog55

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
If a product has zero external costs, then
 
  A) marginal social cost equals marginal private cost.
  B) marginal social cost is greater than marginal private cost.
  C) marginal social cost is less than marginal private cost.
  D) marginal social cost equals zero.
  E) We need more information to determine the relationship between marginal private cost and marginal social cost.

Question 2

If the base year CPI market basket costs 250 and next year the CPI market basket costs 275, what is next year's CPI?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jackie

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The CPI equals 100  (275/250 ) = 110.


geodog55

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
:D TYSM

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

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.

The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
The Social Brain The Social Brain
Use an Automated External Defibrillator Use an Automated External Defibrillator
Vienna: Social Structure and Social Interaction Vienna: Social Structure and Social Interaction
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
Private practice setting. Private practice setting.
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library