Positive externalities are a market failure

Assignment Help Microeconomics
Reference no: EM131034988

Positive externalities are a market failure (lack of efficiency) because:

A.        One person pays for what someone else gets to enjoy

B.        Some people don't get enough of what they want because they can't afford it

C.        No one pays for a product and no one gets it, even though it is worth more than it costs to produce

D.        No one pays for a product and everyone gets it, even though it costs more to produce than it is worth

Reference no: EM131034988

Questions Cloud

Percent compounded monthly on the funds : The owner of the firm is quite conservative and will only do this when the company has sufficient funds to pay cash for the entire expansion project. Management has decided to save $500,000 a month for this purpose. The firm earns 6 percent compou..
Determine the initial vertical force p : determine the initial vertical force P that must be applied to the paper on the stub roll in order to pull down a sheet.The stub roll is pinned in the center, whereas the fresh roll is not. Neglect friction at the pin
Valuation of a constant growth stock : Investors require a 15% rate of return on Levine Company's stock (that is, rs ¼ 15%). a. What is its value if the previous dividend was D0 ¼ $2 and investors expect dividends to grow at a constant annual rate of (1) -5%, (2) 0%, (3) 5%, or (4) 10%..
Legal detriment in the context of consideration means : "Legal Detriment" in the context of consideration means:
Positive externalities are a market failure : Positive externalities are a market failure (lack of efficiency) because: A.        One person pays for what someone else gets to enjoy B.        Some people don't get enough of what they want because they can't afford it
The requirement that consideration be bargained-for means : The requirement that consideration be bargained-for means that:
Product strategy as part of the marketing mix : Product strategy, as part of the marketing mix, should be driven by consumer needs. Consumers make purchase decisions based on perceived benefits. Sometimes translating desired benefits to product design, features, and overall product strategy can be..
Discuss one aspect of the low-cost-carrier : Discuss one aspect of the low-cost-carrier business model, such as Ryanair's, that provides a sustainable cost advantage over a large network carrier, for example, British Airways.
How will this blog impact the sales process : Before Dee could get very far with her project to create a blog for the sales force, she needed a budget. For that, she needed the approval of her boss. When Dee explained the idea to him, he was pleased that she was thinking innovatively. How will t..

Reviews

Write a Review

Microeconomics Questions & Answers

  Absolute and comparative advantage theory of trade

What is the difference between absolute and comparative advantage theory of trade?

  Question about ecomonic incentives

Economic incentives were at heart of westward expansion across North America in late 18th centuries, so let us apply some economic analysis to the condition.

  What according to the mainstream theory of the business

what according to the mainstream theory of the business cycle is the most common source of recession a decrease in

  What is the production function for hammers

Suppose college graduate earn$25 an hour and high school graduates earn $15 an hour. Suppose too that the marginal product of college graduate at Jonson Tools is five hammers per hours, while the marginal product of high school graduates is four hamm..

  Cigarettes are subject to a federal tax which was about 40

Cigarettes are subject to a federal tax, which was about 40 cents per pack in 2007.What does this tax do to the market-clearing price and quantity?

  What is the consumption function

What is the consumption function and how is it related to the Marginal Propensity to Consume? 2. What is the multiplier? 3. What determines the position of the Long Run Aggregate Supply curve? 4. What is a supply shock? Give several examples.

  What strategies you used to formulate a viable argument

Explain what strategies you used to formulate a viable argument - Explain how you plan to support your thesis statement with compelling arguments and counterarguments.

  Money must he invest in the certificates to reach his goal

Greg wants to have $50 000 in five years. The bank is offering five-year investment certificates that pay 8 percent nominal interest, compounded quarterly. How much money must he invest in the certificates to reach his goal?

  What was the rate of inflation for the month

What was the rate of inflation for the month? How does that rate of inflation compare with the rate in the previous month?

  Objectives for organizations customer service perspective

Identify at least three objectives for the organization's customer service perspective and show how they relate to the mission, vision and strategy of the organization.

  Managers are justified in monitoring employees to degree

Some recent studies indicate that nine out of ten employers observe the electronic behavior of their employees, from tracking their Web-surfing habits to implanting GPS tracking chips in their arms. Discuss whether managers are justified in mon..

  The hearst and minds of people in a society

How does one win the hearst and minds of people in a society?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd