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nursemegan nursemegan
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5 years ago

Question 1.

You are unable to sleep because your hotel room is right underneath the noisy air conditioning system. We would classify this situation as an



▸ internal cost.

▸ internal benefit.

▸ external cost.

▸ external benefit.

Question 2.

Your upstairs neighbor is the first-chair violinist in the local symphony orchestra. Because you are very fond of violin music, you sit on your balcony each night to listen to her rehearse. In this case, your violin-playing neighbor is an example of a



▸ public good.

▸ good that imposes an external cost.

▸ good that provides an external benefit.

▸ Pareto good.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Nikki_LYNNNikki_LYNN
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#1
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5 years ago
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nursemegan Author
wrote...

5 years ago
Smart ... Thanks!
noodlelicker
wrote...

Yesterday
Good timing, thanks!
logbi
wrote...

2 hours ago
Thanks
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