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Author Question: Both sugar and fructose can be used in the production of candy. If the price of sugar increases, a. ... (Read 113 times)

nramada

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on: Jun 30, 2018
Both sugar and fructose can be used in the production of candy. If the price of sugar increases,
 a. the demand for sugar increases
  b. sugar becomes relatively more expensive than fructose only if the price of fructose falls
  c. sugar becomes relatively more expensive than fructose, other things constant
  d. the price of fructose immediately increases
  e. the price of fructose immediately decreases

Question 2

To maximize social welfare in the presence of a negative externality, marginal __________ must equal marginal __________.
 a. social cost; private cost
  b. private cost; social cost
  c. social cost; social benefit
  d. private cost; social benefit
  e. social cost; external cost


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huda

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


nramada

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

kjohnson

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Reply 3 on: Yesterday
Gracias!

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