A situation in which the Marginal Social Cost is greater than the Marginal Private Cost isa. Positive Consumption Externality○ b. Positive Production Externalityc. Negative Production Externality○ d. Negative Consumption ExternalityClear my choice

The cost incurred by people who produce a good or service to produce a new unit is known as the…

Answered: A situation in which the Marginal…

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter11: Public Goods And Common Resources

Section11.1: The Different Kinds Of Goods

Problem 1QQ

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0.90 0.85 0.80 0.75 0.70 0.65 0.60 0.55 0.50 0.45 0.40 50 100 150 200 250 300 What kind of externality is in the market above? a. negative consumption externality b. positive production externality c. positive consumption externality d. negative production externality Demand 350 Supply MSB 400
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Assuming that a problem is “convex,” net benefits are maximized when a. Producers select a level of production where internal benefits equal external costs. b. Producers select a level of production at which costs equal benefits. c. Producers engage in an activity up to the point where marginal benefit exceeds marginal cost. d. Producers engage in an activity up to the point where marginal benefit equals marginal cost. e. Producers engage in an activity up to the point where total average revenue exceeds total average cost.
4. Hydraulic Fracking is the process of drilling and injecting fluid into the ground at a high pressure in order to fracture shale rocks to release natural gas inside to be sold as an energy source. Up to 600 chemicals are used in fracking fluid, including known carcinogens and toxins. This is an example of a... a. Negative production externality b. Negative consumption externality C. Positive production externality d. Positive consumption externality
A Moving to another question will save this response. Question 7 0.90 0.85 0.80 0.75 0.70 0.65 0.60 0.55 0.50 0.45 0.40 50 100 150 200 250 300 Demand What kind of externality is in the market above? Oa. negative consumption externality Ob. positive production externality Oc. negative production externality O d. positive consumption externality 350 Supply MSB 400
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A situation in which the Marginal Social Cost is greater than the Marginal Private Cost is a. Positive Consumption Externality ○ b. Positive Production Externality c. Negative Production Externality ○ d. Negative Consumption Externality Clear my choice