This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The following diagram shows the effects of increasing traffic along a particular stretch of road. At ... (Read 76 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
on: May 25, 2020
The following diagram shows the effects of increasing traffic along a particular stretch of road. At first, additional cars have no effect on the traffic speed. But, after a point, additional cars slow down the traffic and thus impose a 'congestion cost' on other car users. Beyond thus point, therefore, the marginal social cost of using the road is greater than the marginal private cost.


Assuming that there are no externalities on the demand-side, what is the socially optimal level of road use?
◦ 0h
◦ 0e
◦ 0b
◦ bh
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ashley on May 25, 2020

joanwhite

  • Sr. Member
  • ****
  • Posts: 308
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.
Answer Preview
Only 29% of students answer this correctly


ashley

  • Member
  • Posts: 584
Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Steric effects caused by ligand binding to the heme of myoglobin Steric effects caused by ligand binding to the heme of myoglobin
Organizational and Activational Effects of Testosterone on Social Aggression Organizational and Activational Effects of Testosterone on Social Aggression
Effects of Alcohol on the Body Effects of Alcohol on the Body
Analogy showing the effects of substitution, deletion, and insertion of one letter in a sentence Analogy showing the effects of substitution, deletion, and insertion of one letter in a sentence
Venn diagram representation of 17,067 medium and large clusters of protein Venn diagram representation of 17,067 medium and large clusters of protein
Bodily effects of stress Bodily effects of stress
Video: Role of complement proteins

For a complete list of videos, visit our video library