good with an external benefit (positive externality) is a market ________ because__________.a.bonus // many people are...
good with an external benefit (positive externality) is a market ________ because__________.a.bonus // many people are benefiting other than simply the buyer of the good.b.failure // too many people are buying the good for economic efficiencyc.failure // too few people are buying the good for economic efficiencyd.bonus // free riders increase the value of the good
Homework Answers
c.failure // too few people are buying the good for economic efficiency
Explanations: Goods with external benefits means the social benefits are higher than private benefits. So in order to achieve market efficiency, more people should consume the good.
Add Answer to:
good with an external benefit (positive externality) is a market
________ because__________.a.bonus // many people are...
61. A positive externality ________. a. gives rise to external benefits b. imposes an additional cost...
61. A positive externality ________. a. gives rise to external benefits b. imposes an additional cost on society c. leads to a higher economic profit d, leads to increasing returns to scale 62. If the production of a good involves positive externalities, ________. a. the average cost of production of the good in the long run is zero b. the variable cost of production of the good is zero c. the market price of the good is higher than its...
Name a good or service that results in a positive OR negative externality. How does it...
Name a good or service that results in a positive OR negative externality. How does it affect third parties? (Remember, third parties are someone other than the buyer or seller!)
In the case of a positive externality: The private market produces too much of the good...
In the case of a positive externality: The private market produces too much of the good The market price is below the efficient price Efficiency requires that the government impose a tax Market price reflects the social costs of production Efficiency requires that the government impose a subsidy
Which one of the following statements about positive externalities is false? A. A positive externality is...
Which one of the following statements about positive externalities is false? A. A positive externality is a positive side effect of an economic transaction that affects those not directly involved in the transaction B. Installing a solar panel produces a positive externality C. Unregulated markets produce too few of the goods and services that have positive externalities. D. Markets with positive externalities do not need government intervention to operate efficiently E. Positive externalities represent an additional benefit to society, over...
Which one of the following statements about positive externalities is false? a. A positive externality is...
Which one of the following statements about positive externalities is false? a. A positive externality is a positive side effect of an economic transaction that affects those not directly involved in the transaction. b. Unregulated markets produce too few of the goods and services that have positive externalities. c. Installing a solar panel produces a positive externality. d. Markets with positive externalities do not need government intervention to operate efficiently. e. Positive externalities represent an additional benefit to society, over...
If the production of a good generates a positive externality, then: Multiple Choice production of the...
If the production of a good generates a positive externality, then: Multiple Choice production of the good is harmful. there will be deadweight loss at the market equilibrium quantity. total economic surplus will be maximized at the market equilibrium quantity. the government should tax producers of the good.
Using a supply-demand diagram, illustrate a: a. negative externality b. Positive externality c. in which of the above would the market, if left alone, produce too much of the good?
Using a supply-demand diagram, illustrate a: a. negative externality b. Positive externality c. in which of the above would the market, if left alone, produce too much of the good?
18. Fire extinguishers exhibit positive externalities because, even though people buy them for their own use,...
18. Fire extinguishers exhibit positive externalities because, even though people buy them for their own use, they may prevent fire from damaging the property of others. The problem with providing fire extinguishers on the free market is a. Too few will be provided because the price is too low b. Too many will be provided because the price is too low c. Too few will be provided because the price is too high d. Too many will be provided because...
I. The pollution emitted by a car is an example of atn b. social eextenal e....
I. The pollution emitted by a car is an example of atn b. social eextenal e. publio-good 2. Lila shares a house with two other people. She is a concert pianist and often practices an home. One roommate enjoys listening to her practice, but the other does not. For the roommate who enjoys listening to Lila play, this is an example of for the other , it is an example of a. the tragedy of the commons; b. e. a...
When a positive externality exists, the market is said to fail because it overproduces the good...
When a positive externality exists, the market is said to fail because it overproduces the good associated with the positive externality. True False
18. Fire extinguishers exhibit positive externalities because, even though people buy them for their own use, they may prevent fire from damaging the property of others. The problem with providing fire extinguishers on the free market is a. Too few will be provided because the price is too low b. Too many will be provided because the price is too low c. Too few will be provided because the price is too high d. Too many will be provided because...
I. The pollution emitted by a car is an example of atn b. social eextenal e. publio-good 2. Lila shares a house with two other people. She is a concert pianist and often practices an home. One roommate enjoys listening to her practice, but the other does not. For the roommate who enjoys listening to Lila play, this is an example of for the other , it is an example of a. the tragedy of the commons; b. e. a...
When a positive externality exists, the market is said to fail because it overproduces the good associated with the positive externality. True False
Most questions answered within 3 hours.
-
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 54 minutes ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 1 hour ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 1 hour ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 3 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 4 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 4 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 4 hours ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 5 hours ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 5 hours ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 5 hours ago -
1.
What is the minimum volume to use in the Spec 20 cuvette in order
to...
asked 6 hours ago -
A builder wants to install wall-to-wall carpeting in a living
room of length 8.87 m and...
asked 6 hours ago