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 87 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
Great answer, keep it coming :)

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

External nose, mouth, and neck. External nose, mouth, and neck.
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Too Much Alcohol Costs You Good Nutrition Too Much Alcohol Costs You Good Nutrition
Use the product rule to find derivative Use the product rule to find derivative
Use the product rule to find derivative Use the product rule to find derivative
Video: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library