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

Author Question: Why might it be economically efficient to offer access to an uncongested art gallery or museum at a ... (Read 56 times)

rubiosusy7

  • Full Member
  • ***
  • Posts: 152
on: Oct 12, 2022

Question 1

The "informal defence" of free markets includes the argument that markets
◦ lead to allocative efficiency.
◦ achieve the maximum feasible rate of economic growth.
◦ lead to productive efficiency.
◦ provide automatic coordination of the actions of decentralized decision makers.
◦ permit a centralization of economic power.

Question 2

Why might it be economically efficient to offer access to an uncongested art gallery or museum at a price of zero?
◦ because they are public goods, which would not be provided by the free market
◦ because they are non-rivalrous and non-excludable and therefore should be provided at a price of zero
◦ because the marginal cost of providing access to one more visitor is zero, while the visitor has a positive marginal benefit
◦ because it is good for society if more people visit art galleries and museums
◦ because the marginal benefit received by the visitor is zero, and marginal benefits and marginal cost should be equal
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 rubiosusy7 on Oct 12, 2022

Asfa

  • Full Member
  • ***
  • Posts: 166
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 39% of students answer this correctly


rubiosusy7

  • Member
  • Posts: 152
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Vertical filing systems offer an alternative to traditional upright storage systems Vertical filing systems offer an alternative to traditional upright storage systems
With a three-way catalytic converter, emission control is most efficient with an air–fuel ratio ... With a three-way catalytic converter, emission control is most efficient with an air–fuel ratio ...
Allows access to the nut that has a stud plus other locations needing great depth, such as spark ... Allows access to the nut that has a stud plus other locations needing great depth, such as spark ...
Controlling access to water in order to gain political and strategic advantage in Gaza Controlling access to water in order to gain political and strategic advantage in Gaza
Efficient Allocation of Labor between Sectors Efficient Allocation of Labor between Sectors
What single payment one year from now would be economically equivalent to payments of $1,000 ... What single payment one year from now would be economically equivalent to payments of $1,000 ...
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library