« previous next »

Author Question: Marginal social cost is equal to A) the amount people who buy a product pay for another unit. B) ... (Read 20 times)

abern

  • Hero Member
  • *****
  • Posts: 533
on: Jun 29, 2018
Marginal social cost is equal to
 
  A) the amount people who buy a product pay for another unit.
  B) whatever producers have to pay to produce output.
  C) the sum of marginal private cost and the marginal external cost.
  D) the average of marginal private cost and the marginal external cost.
  E) None of the above answers is correct.

Question 2

A truly voluntary exchange
 
  A) has nothing to do with values, only with things.
  B) is always an exchange of equal values.
  C) is not an exchange of equal values.
  D) is usually an exchange of equal values.


allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

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

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

The formation of a chimeric gene that is found in people with certain forms of leukemia. The formation of a chimeric gene that is found in people with certain forms of leukemia.
Guinea pigs "social groom" Guinea pigs "social groom"
Values, both those held by individuals and those that represent a nation or people, can undergo deep ... Values, both those held by individuals and those that represent a nation or people, can undergo deep ...
Reduced mobility in late adulthood often results in more limited activities and smaller social ... Reduced mobility in late adulthood often results in more limited activities and smaller social ...
Economic and Social Development Economic and Social Development
Social Psychologist Social Psychologist
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library