Foundations Of Economics, Global Edition
Foundations Of Economics, Global Edition
8th Edition
ISBN: 9781292217888
Author: Robin Bade and Michael Parkin
Publisher: PEARSON
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Chapter 10, Problem 6IAPA
To determine

To compute:

The cost to taxpayers if the government subsidizes college to the extent where efficient number of students enroll.

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A situation in which the Marginal Social Cost is greater than the Marginal Private Cost is a. Positive Consumption Externality ○ b. Positive Production Externality c. Negative Production Externality ○ d. Negative Consumption Externality Clear my choice
Which of these is an ideal economic situation that leads to a positive externality? a. Social costs are higher than private costs b. Private costs are equal to social costs c. Private costs are higher than social costs d. Private costs are lower than social costs
Sub noint(s) possible Next question The graph shows the marginal social cost and the marginal private cost of producing liquid fertilizer. Cost (dollars per ton) 1000- When the 2,000th ton of liquid fertilizer is produced in a week, what is the marginal external cost? 900- MSC 800- 700- em 600- When the 2,000th ton of liquid fertilizer is produced in a week, the marginal external cost is a ton. 500- A. $800 MC 400- О в. $300 300- As O C. $200 200- O D. $500 100- SS 0- Quantity (thousands of tons per week) O Time Remaining: 00:58:17 Assignments (6) v O O O O
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