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

Author Question: If a firm produces a good and the consumption of that good generates external benefits, then at the ... (Read 68 times)

booty5

  • Full Member
  • ***
  • Posts: 146
on: Oct 12, 2022

Question 1

What is the essential coordinating mechanism of a free-market economy?
◦ opportunity cost
◦ the price system
◦ allocative efficiency
◦ productive efficiency
◦ profit maximization

Question 2

If a firm produces a good and the consumption of that good generates external benefits, then at the competitive market equilibrium,
◦ the marginal social benefit is less than the marginal cost of producing the last unit.
◦ the government could subsidize the production of this good to improve efficiency.
◦ the marginal private benefit is greater than the marginal cost of producing the last unit.
◦ the firm will not produce an additional amount if it can internalize the external benefits.
◦ the output would be more than the socially optimal amount.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by booty5 on Oct 12, 2022

Tester

  • Full Member
  • ***
  • Posts: 185
Reply #1 on: Oct 12, 2022
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 56% of students answer this correctly


booty5

  • Member
  • Posts: 146
Reply 2 on: Oct 12, 2022
:D TYSM

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Mixing bacterial genotypes produces rare recombinants Mixing bacterial genotypes produces rare recombinants
Faulty outlooping produces lambda phage containing bacterial DNA Faulty outlooping produces lambda phage containing bacterial DNA
Diverticulosis. Figure illustrates external and internal appearance of diverticula. Diverticulosis. Figure illustrates external and internal appearance of diverticula.
External acoustic meatus External acoustic meatus
The clock generator produces a series of pulses that are used by the microprocessor and other ... The clock generator produces a series of pulses that are used by the microprocessor and other ...
Good Old War - Part Of Me [Audio] Good Old War - Part Of Me [Audio]
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library