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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
Jason loves to listen to his music loudly.  He would be willing to pay $10 an hour to have his music as loud as it is but since he is listening in his own house he doesn't have to pay anything.  Mark is Jason's neighbor and he hates loud music.  He would be willing to pay $2 an hour to have Jason turn down his music.  The music Jason listens to is free on the radio so there are no other benefits or costs involved with Jason listening to music.  The private cost of the music is ________ and the social cost of the music is ________.
A) $0 private cost; $2 social cost
B) $10 private cost; $0 social cost
C) $0 private cost; $10 social cost
D) $10 private cost; $12 social cost
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kingbykingby
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7 years ago
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#2
7 years ago
I compared your answer with a buddy, and it matches

Thanks
wrote...
#3
7 years ago
I was slightly debating this one, thanks for the feedback
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