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Author Question: Which of the following is an example of an external benefit? (Read 33 times)

stock

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on: Apr 19, 2019

Question 1

Your upstairs neighbor is the first-chair violinist in the local symphony orchestra. Because you are very fond of violin music, you sit on your balcony each night to listen to her rehearse. In this case, your violin-playing neighbor is an example of a


◦ public good.
◦ good that imposes an external cost.
◦ good that provides an external benefit.
◦ Pareto good.

Question 2

Which of the following is an example of an external benefit?


◦ More people start to install solar panels on their roofs, and as a result, electricity use goes down as does the pollution created by the generation of electricity.
◦ Firms are able to reduce their costs of production by using a more efficient technology.
◦ The city spends $500,000 to upgrade the local jail.
◦ A company opens a slaughterhouse at the end of your street.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by stock on Apr 19, 2019

medine

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Only 39% of students answer this correctly


stock

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

laurnthompson

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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