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

Author Question: Private vs. Social BenefitsThe graph shows the marginal benefit (MB) and the marginal social benefit ... (Read 462 times)

zl00505

  • Full Member
  • ***
  • Posts: 146
on: Nov 23, 2022

Question 1

Private vs. Social Cost

The graph shows the marginal cost (MC) and marginal social cost of raising chickens for egg production.
 
Assume that P1=$2.50, P2=$9.00, P3=$14.60, Q1=275, and Q2=625. What is the marginal private cost of producing 625 eggs? Marginal social cost? Marginal external cost?
◦ $14.60, $9.00, $5.60
◦ $14.60, $2.50, $12.10
◦ $2.50, $9.00, $5.60
◦ $2.50, $14.60, $12.10

Question 2

Private vs. Social Benefits

The graph shows the marginal benefit (MB) and the marginal social benefit of a college education.
 
Assume that P1=$12,250, P2=$16,750, P3=$24,750, P4=$26,250, Q1=1,750, Q2=8,250, and Q3=14,750. What is the marginal private benefit of 1,750 people attending college? Marginal social benefit? Marginal external benefit?
◦ $12,250, $16,750, $4,500
◦ $16,750, $26,250, $9,500
◦ $24,750, $26,250, $4,500
◦ $26,250, $8,250, $9,500
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by zl00505 on Nov 23, 2022

kaelamcrone

  • Full Member
  • ***
  • Posts: 167
Reply #1 on: Nov 23, 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 58% of students answer this correctly


zl00505

  • Member
  • Posts: 146
Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

A taxonomy of primate social systems. Larger symbols indicate adults. A taxonomy of primate social systems. Larger symbols indicate adults.
Organizational and Activational Effects of Testosterone on Social Aggression Organizational and Activational Effects of Testosterone on Social Aggression
Upsetting the entire social order, the French Revolution removed the past as a sure guide to the ... Upsetting the entire social order, the French Revolution removed the past as a sure guide to the ...
The U.S. Social Class Ladder The U.S. Social Class Ladder
Teen eating habits are often influenced by peers and social settings Teen eating habits are often influenced by peers and social settings
Sketch the graph of each function using transformations. State the domain and range. Sketch the graph of each function using transformations. State the domain and range.
Video: Transcription—A molecular view

For a complete list of videos, visit our video library