Author Question: In Coase's confectioner and doctor example, what was the externality? a. The doctor building his ... (Read 72 times)

darbym82

  • Hero Member
  • *****
  • Posts: 570
In Coase's confectioner and doctor example, what was the externality?
 
  a. The doctor building his office so close to the confectioner.
  b. The vibrations generated by the confectioner's production process.
  c. The large number of people entering the confectioner's factory thinking it was the doctor's office.
   d. The screams of the doctor's patients disrupted factory workers from performing their duties.

Question 2

If outcomes are ________, exactly one of the outcomes will occur and the probabilities add up to ________.
 
  A) probabilistic; between 0 and 1
  B) exhaustive and mutually exclusive; 1
  C) exhaustive; 1
  D) mutually exclusive; between 0 and 1



HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Answer to Question 1

b

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

For a complete list of videos, visit our video library