Top Posters
Since Sunday
e
5
e
4
4
d
4
o
3
p
3
t
3
3
m
3
p
3
m
3
f
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
wrightjb wrightjb
wrote...
Go to Answer
Posts: 419
Rep: 14 0
5 years ago

Question 1.

If the marginal social benefit of consuming a good or a service exceeds the marginal private benefit

• a negative externality exists.

• the market achieves economic efficiency.

• a positive externality exists.

• the sum of consumer surplus and producer surplus is maximized.

Question 2.

Assume that production from an electric utility caused acid rain. If the government imposed a tax on the utility equal to the marginal external cost of the acid rain, the government's action would

• externalize the externality.

• result in a marginal social benefit greater than the marginal cost of the electricity.

• be an example of supply-side economic policy.

• internalize the externality.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 58 times
1 Reply
Replies
Answer verified by a subject expert
jfinn1021jfinn1021
wrote...
#1
Posts: 388
Rep: 62 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

wrightjb Author
wrote...

5 years ago
This site is awesome
GeorgeNeist
wrote...

Yesterday
Brilliant ツ
Ivansitospeed@g
wrote...

2 hours ago
Helped a lot
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  953 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 255
  
 1044
  
 232
Your Opinion
Who will win the 2024 president election?
Votes: 7
Closes: November 4
Previous poll results: What's your favorite coffee beverage?