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Author Question: Which of the following would be classified as an external cost? (Read 87 times)

WhattoUnderstand

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on: May 25, 2020
Which of the following would be classified as an external cost?
◦ A private firm will not provide national defence since it is impossible to confine the benefits to only those individuals who have paid for it.
◦ You are not able to study at night because there is so much noise coming from the room next to yours.
◦ As more firms began hiring computer programmers, the salaries of computer programmers increased and therefore the firm's cost of production increased.
◦ When you purchase a medicine you are not made fully aware of all the possible side effects that may result from taking the drug.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by WhattoUnderstand on May 25, 2020

yeungji

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Reply #1 on: May 25, 2020
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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WhattoUnderstand

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Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

amandalm

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

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