If there are no externalities a competitive market achieves economic efficiency. If there is a negative externality, economic efficiency will not be achieved because too much of the good will be produced. a deadweight loss will occur that is equal to the area under the demand curve for the good. too little of the good will be produced. economic surplus is maximized.

Q: What is the purpose of graphic analysis?

A: Graphical analysis refers to the data analysis done using graphical techniques in order to determine…

Q: I typed it in, it's wrong

A: Elasticity of demand is a concept used in economics to measure the responsiveness of the quantity…

Q: In a company, who gets to determine when and how data should be used?

A: Data refers to individual facts, figures, or bits of information that are often quantitative. A…

Q: Make flow chart of type of budget?

A: budget is a estimate expense and income for certain period of time

Q: How to save towards purchasing a home

A: Savings are amount of money that remain after subtracting a person's consumer spending from their…

Q: what affects the way you spend money the most?

A: The way we spend money is influenced by a variety of factors. The most significant of these are…

Q: Please write more clearly.

A: Production function shows the relationship between the inputs used and output produced. The marginal…

Q: What is the sequence of events in a literary work?

A: Being able to be able to identify the event components like the beginning, middle, and end is known…

Q: In a business Finance/Budgeting situation, create a budget for month-long vacation trip to Australia…

A: The technique of controlling one's income and expenses in order to meet financial objectives is…

Q: Use image

A: The spending function represents the relationship between household spending and total income. When…

Q: dccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccc…

A: Your question is not visible.

Q: I did upload one question at a time but I kept getting a regetted and had no choice. Thank you for…

A: When making daily decisions, both people and small businesses can more accurately assess market…

Q: What are some common examples of expenses?

A: To generate revenue, the business organizes many activities. The cost of doing these activities are…

Q: i need help with all of them

A: The government uses price controls to exert direct influence over market prices. It has an impact on…

Q: HOW TO DRAW A TABLE FORM

A: There are 4 possible ways in which the other player can act :- 1) always choose ‘C’ 2) He will…

Q: How is the Purchasing power important?

A: Answer - Purchasing Power - Purchasing power is overall buying capacity of country which is…

Q: On November 4, you get a boat loan.  Your first payment is due December 4.  You write out your check…

A: TVM refers to the concept that a sum of money is value more now than the same sum will be at a…

Q: how is the graph numbered? from what number to what number ?

A: The lowest production frontier is war-hit frontier. That reduces production of both sectors.The…

Q: c) What is the cost of the consumer's original 2018 bundle at the new 2019 prices? How much…

A: Now, the price of food F1= $100  the price of housing increased H1 = $200. the cost of the…

Q: 12. The costs of inflation: Consider two possible inflation scenarios. In one, the inflation rate is…

A: Inflation: Inflation is an economic concept that is defined as a rise in the general price level of…