Homework Answers
Answer : The answer is option A.
If per unit production damage to society is constant then the social cost become parallel to the supply curve. Because at every unit production level the society faces same amount of damage. Hence except option A other options are not correct. Therefore, option A is the correct answer.
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Table of Contents Part 1 of 1 - Homework #5 Question 10 of 16 If the...
Part 1 of 1 - Homework #5 Question 9 of 16 1 Points Pollution damages O...
Part 1 of 1 - Homework #5 Question 9 of 16 1 Points Pollution damages O A. must not be considered in social costs. OB. must sometimes be considered in social costs. OC. have nothing to do with social costs. O D. must always be considered in social costs. Reset Selection
Part 1 of 1 Question 1 of 5 2Points Constant types defined under classes need to...
Part 1 of 1 Question 1 of 5 2Points Constant types defined under classes need to be encapsulated. True False Reset Selection Question 2 of 5 2Points A user defined Java class usually is meant to be a template. True False Reset Selection Question 3 of 5 2Points Which of the following statements should be used to declare a variable under a Java class? O A. String name; OB. public int age; C. public static double PI; D. private char...
No Questions Part 2 of 11 - Returns to scale Question 1 of 10 6 Points...
No Questions Part 2 of 11 - Returns to scale Question 1 of 10 6 Points Suppose a firm's production function is Q(L,K) = (LK)2/3 + L + K. Production exhibits O A. Constant returns to scale. OB. Decreasing returns to scale. OC. Increasing returns to scale. Reset Selection Part 3 of 11 - MP and MRTS Question 2 of 10 6 Points
Please help with these questions Question 16 0.8 pts The combinations that a consumer can afford...
Please help with these questions
Question 16 0.8 pts The combinations that a consumer can afford line, and the area underneath, contain all of the possible indifference 0 redaction O Maginot O optimization O budget constraint Question 17 0.8 pts Since two goods are subject to diminishing marginal utility, the marginal rate of substitution is O always increasing O variant constant. the inverse slope of the indifference curve. O always decreasing. Question 18 0.8 pts Utility is a balance between...
Part II. Problem-solving questions Consult Figure below to finish blanks in Question 16 and 17. Curve...
Part II. Problem-solving questions Consult Figure below to finish blanks in Question 16 and 17. Curve SS represents a domestic supply curve for some good X; if X is a competitive industry, then SS represents the horizontal sum of the marginal cost curves of many firms. Curse DD represents domestic demand for the same good. It is implicitly assumed that consumers do not care where the good was made, they simply want to buy the indicated quantities at the indicated...
Public Goods EBE2053/EXERCISE 5 1. A pure public good is: a. one that can easily be...
Public Goods EBE2053/EXERCISE 5 1. A pure public good is: a. one that can easily be sold by the unit. b. one that is nonrival in consumption. c. one whose benefits are not subject to exclusion. d. both (b) and (c) 2. The marginal cost of providing a certain quantity of a pure public good to an additional consumer after it is provided to any one consumer is: a. zero. b. positive and increasing. c. positive and decreasing. d. positive...
Part I Suppose that in the market for paper, demand is P=100 - Q. The marginal private cost of producing paper is 10+ Q...
Part I Suppose that in the market for paper, demand is P=100 - Q. The marginal private cost of producing paper is 10+ Q. However, pollution generated by the production process creates a per unit external harm (i.e., negative externality) equal to 0.5Q (i.e., the level of the externality increases with the quantity produced). 16+1,5 Q (Social cret) 10+Q (private 0 36 45 Top a) What is the (unregulated) market equilibrium and quantity if the externality is not corrected for...
1. Consumer’s utility function is: U (X,Y) = 10X + Y. Consumer’s income M is 40...
1. Consumer’s utility function is: U (X,Y) = 10X + Y. Consumer’s income M is 40 euros, the price per unit of good X (i.e. Px ) is 5 euros and the price per unit of good Y (i.e. Py) is 1 euro. a) What is the marginal utility of good X (MUx) for the consumer? ( Answer: MUx = 10) b) What is the marginal utility of good Y (MUy) for the consumer? ( Answer: MUy = 1) c)...
Figure 2-1 4) Refer to Figure 2-1. Point A is A) technically efficient. B) unattainable with...
Figure 2-1 4) Refer to Figure 2-1. Point A is A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) the equilibrium output combination. 5) Refer to Figure 2-1. Point B is A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) the equilibrium output combination. 6) Refer to Figure 2-1. Point C is A) technically efficient. B) unattainable with current resources....
Question 1.Susan can brew 5 gallons of root beer in an hour or she can make...
Question 1.Susan can brew 5 gallons of root beer in an hour or she can make 4 pizzas in an hour. Becky can brew 7 gallons of root beer in an hour or she can make 5 pizzas in an hour. Susan's opportunity cost of making a pizza is gallons of root beer. Becky's opportunity cost of making a pizza is gallons of root beer. Enter numbers rounded to two decimal places. Question 2 Bill and Fred bake cakes and...
Part 1 of 1 - Homework #5 Question 9 of 16 1 Points Pollution damages O A. must not be considered in social costs. OB. must sometimes be considered in social costs. OC. have nothing to do with social costs. O D. must always be considered in social costs. Reset Selection
Part 1 of 1 Question 1 of 5 2Points Constant types defined under classes need to be encapsulated. True False Reset Selection Question 2 of 5 2Points A user defined Java class usually is meant to be a template. True False Reset Selection Question 3 of 5 2Points Which of the following statements should be used to declare a variable under a Java class? O A. String name; OB. public int age; C. public static double PI; D. private char...
No Questions Part 2 of 11 - Returns to scale Question 1 of 10 6 Points Suppose a firm's production function is Q(L,K) = (LK)2/3 + L + K. Production exhibits O A. Constant returns to scale. OB. Decreasing returns to scale. OC. Increasing returns to scale. Reset Selection Part 3 of 11 - MP and MRTS Question 2 of 10 6 Points
Please help with these questions
Question 16 0.8 pts The combinations that a consumer can afford line, and the area underneath, contain all of the possible indifference 0 redaction O Maginot O optimization O budget constraint Question 17 0.8 pts Since two goods are subject to diminishing marginal utility, the marginal rate of substitution is O always increasing O variant constant. the inverse slope of the indifference curve. O always decreasing. Question 18 0.8 pts Utility is a balance between...
Part II. Problem-solving questions Consult Figure below to finish blanks in Question 16 and 17. Curve SS represents a domestic supply curve for some good X; if X is a competitive industry, then SS represents the horizontal sum of the marginal cost curves of many firms. Curse DD represents domestic demand for the same good. It is implicitly assumed that consumers do not care where the good was made, they simply want to buy the indicated quantities at the indicated...
Part I Suppose that in the market for paper, demand is P=100 - Q. The marginal private cost of producing paper is 10+ Q. However, pollution generated by the production process creates a per unit external harm (i.e., negative externality) equal to 0.5Q (i.e., the level of the externality increases with the quantity produced). 16+1,5 Q (Social cret) 10+Q (private 0 36 45 Top a) What is the (unregulated) market equilibrium and quantity if the externality is not corrected for...
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