answer

watching

views

28 Oct 2020

2. An externality can be a cost or benefit arising from the production of a good that falls upon

a. consumers but not producers.

b. producers but not consumers.

c. the consumer and the producer both.

d. someone other than the consumer or producer.

Booster class

Microeconomics

Skill

Defining Negative Externality

answer

watching

311

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

Raushan RajLv8

28 Oct 2020

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

Related questions

Economic efficiency in a competitive market is achieved when

A. economic surplus is equal to consumer surplus.

B. the marginal benefit equals the marginal cost from the last unit sold.

C. consumers and producers are satisfied.

D. producer surplus equals the total amount firms receive from consumers minus the cost of production.

browngoat320

Trade restrictions that lead to higher prices will increase _____________ but decrease ______________.

a. Everyone's level of consumption; unemployment.

b. Foreign exporter enthusiasm; The difference between equilibrium price and what producers must receive in order to make an item available for sale.

c. Consumer Surplus: Producer Surplus.

d. Producer Surplus; Consumer Surplus.

e. The gap between equilibrium price and what consumers are willing to pay; The return to all factors of production in the protected industries.

erinherring531

56) If we were to measure the effect of the production quota system on consumers by the change in consumer surplus and the effect of the production quota system on producers by the change in revenues received, we can say: A) that consumers are better off and producers are worse off B) that consumers are worse off and producers are better off C) that both consumers and producers are better off D) that both consumers and producers are worse off E) nothing about the effect on consumers and producers without more information

Weekly leaderboard

Home

Homework Help 3,900,000

Economics 400,000

2. An externality can be a cost or benefit arising from the production of a good that falls upon

a. consumers but not producers.

b. producers but not consumers.

c. the consumer and the producer both.

d. someone other than the consumer or producer.

Unlock all answers

Related textbook solutions

Principles of Economics

Principles of Macroeconomics

Principles of Microeconomics

Related questions

Weekly leaderboard

2. An externality can be a cost or benefit arising from the production of a good that falls upon a. consumers but not producers. b. producers but not consumers. c. the consumer and the producer both. d. someone other than the consumer or producer.

Unlock all answers

Related textbook solutions

Principles of Economics

Principles of Macroeconomics

Principles of Microeconomics

Related questions

Weekly leaderboard

2. An externality can be a cost or benefit arising from the production of a good that falls upon

a. consumers but not producers.

b. producers but not consumers.

c. the consumer and the producer both.

d. someone other than the consumer or producer.