This topic contains a solution. Click here to go to the answer

Author Question: The difference between the marginal social cost and the private cost of a common property resource ... (Read 32 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
The difference between the marginal social cost and the private cost of a common property resource represents:
 
  A) the social discount rate.
  B) a deadweight loss.
  C) is generally negative because the people who use the resources assign higher value to them than other members of society.
  D) the opportunity cost of reducing the resource by one unit for other members of society.

Question 2

Which of the following is not a cause of market failure?
 
  A) Incomplete information
  B) Externalities
  C) Individuals acting according to their own self-interest
  D) Public goods



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macmac

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

D

Answer to Question 2

C




nelaaney

  • Member
  • Posts: 560
Reply 2 on: Jul 1, 2018
Gracias!


meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

For a complete list of videos, visit our video library