Please solve 9 ,10 and 11 EconomicsQuestion 9Which of the following is not true about Lindahl pricing?O a. There is unanimous agreement with the equilibrium in the sense that no individual would be motivated to make a change.O b. Although marginal cost may not equal marginal benefit for all individuals, every individual receives a net gain.O C. An obstacle to achieving it is that individuals might be impelled to conceal their true preferences.Od. It is an idealized but impractical way to determine equilibrium in a market for public goods.Question 10Which of the following explains "market failure" (or non-viability or the "death spiral") of some insurance markets?O a. consumption-smoothing.O b. moral hazard.Oc. adverse selection.O d. reduced levels of "self-insurance."O e. diminishing marginal utility or benefit.Question 11The debt ceiling disputes that arise in the U.S. Congress over whether to raise the ceiling to allow more borrowing and spending could arise from widespreadacceptance ofO a. Arrow's Impossibility Theorem.O b. direct democracy.Oc the theory of size-maximizing bureaucracy.O d, the median voter modelO e. Leviathan theory.

As per the guidelines answer is provided to the first question i.e. Q9. Answer 9) "The Lindahl price…

Question 9 Which of the following is not true about Lindahl pricing? O a. There is unanimous agreement with the equilibrium in the sense that no individual would be motivated to make a change. O b. Although marginal cost may not equal marginal benefit for all individuals, every individual receives a net gain. OC. An obstacle to achieving it is that individuals might be impelled to conceal their true preferences. Od.lIt is an idealized but impractical way to determine equilibrium in a market for public goods.

Question 9 Which of the following is not true about Lindahl pricing? O a. There is unanimous agreement with the equilibrium in the sense that no individual would be motivated to make a change. O b. Although marginal cost may not equal marginal benefit for all individuals, every individual receives a net gain. OC. An obstacle to achieving it is that individuals might be impelled to conceal their true preferences. Od.lIt is an idealized but impractical way to determine equilibrium in a market for public goods.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 16P: Praxilla, who lived in ancient Greece, derives utility from reading poems and from eating cucumbers....

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