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 39 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
Wow, this really help

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Range of Motion of the Shoulder Joint, External Rotation Range of Motion of the Shoulder Joint, External Rotation
external structure of female reproductive system external structure of female reproductive system
External intercostals External intercostals
Internal and External Environment Internal and External Environment
Internal and External Loci of Control Internal and External Loci of Control
Almonds and other nuts are also good sources of protein Almonds and other nuts are also good sources of protein
Video: ribosome

For a complete list of videos, visit our video library