Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 10, Problem 6IAPA
To determine

To compute:

The cost to taxpayers if the government subsidizes college to the extent where efficient number of students enroll.

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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
Which of these is an ideal economic situation that leads to a positive externality? a. Social costs are higher than private costs b. Private costs are equal to social costs c. Private costs are higher than social costs d. Private costs are lower than social costs
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