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Author Question: The optimal level of rights protection is _____. a. zero b. the marginal cost of additional ... (Read 184 times)

clippers!

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on: Jul 1, 2018
The optimal level of rights protection is _____.
 
  a. zero
  b. the marginal cost of additional protection equals the market price of the good
  c. the marginal cost of additional protection equals the marginal benefit of the good
   d. absolute

Question 2

The quantity of a good that consumers demand depends only on the price of the good.
 
  Indicate whether the statement is true or false


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xiazhe

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

False. The quantity of a good demanded depends on many factors including: its own price, consumers' incomes, and the price of related goods.


clippers!

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Reply #2 on: Jul 1, 2018
Thank you


xiazhe

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Reply #3 on: Jul 1, 2018
No problemo


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