1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rodikova [14]
3 years ago
11

Externalities affect the economic efficiency of a market equilibrium by causing a difference between:________

Business
1 answer:
Cloud [144]3 years ago
5 0

Answer:

D. both a and b.

Explanation:

The marginal cost of production is the marginal private cost. When an individual or a firm spend extra cost for an extra unit of good or service, it is called marginal private cost. The marginal social cost of production is the cost that an entire society pays for the consumption of an extra unit of goods or services.

The extra benefit a consumer gets from the use of extra good is referred to as the marginal private benefit. When there is a change in benefit due to the extra unit of consumption, it is the marginal social benefit. It includes an extra benefit.

The economic efficiency of a market equilibrium deters the marginal private cost and benefit. Externalities affect that market equilibrium.

So, both a and b is the answer.

You might be interested in
A firm has a marginal cost of $20 and charges a price of $40. The Lerner index for this firm is:________.
zhuklara [117]

Answer:

The correct answer is:

0.50 (B)

Explanation:

The Lerner index is used by monopolists to measure market/monopolist power, and it is defined as the percent markup of price over marginal cost.

It is given by the formula:

L = \frac{P - MC}{P}\\where:\\L = Lerner\ index\\P = price = \$40\\MC = marginal\ cost = \$20\\\\L = \frac{40\ -\ 20}{40} \\L = \frac{20}{40}\\ L = 0.5

Note: in a perfectly competitive market, L = 0, which makes Price = Marginal cost in the equation above. But in a competitive market, it is always the case that L ≥ 0

7 0
3 years ago
When there are many people singing the same job
nlexa [21]

Answer:

what

Explanation:

6 0
3 years ago
Current information for the Healey Company follows: Beginning raw materials inventory $15,200 Raw material purchases 60,000 Endi
elena-14-01-66 [18.8K]

Answer:

125,800

Explanation:

FIRST we check how many materials were used in production

beg raw + purchases = ending raw + used in production

15,200 + 60,000 = 16,600 + used in production

used in production = 58,600

SECOND the cost added during the period for the three main cost components

Raw materials 58,600

DL 42,800

MOH 30,000

cost added during the period 131,400

LASTLY the COGM

Beg WIP + cost added = ending + COGM

22,400 + 131,400 = 28,000 + COGM

COGM = 153,800 - 28,000

COGM = 125,800

3 0
3 years ago
Who want to be my crush
Nataly_w [17]

Answer:

me

Explanation:

!!!!!!!!!!

only if your a boy

3 0
3 years ago
Read 2 more answers
A promise or order is only considered negotiable if ________. it states that the promise or order is subject to or governed by a
julia-pushkina [17]

For a promise or order to be considered negotiable, it must of a necessity be an unconditional order for payment. Unlike deals where satisfaction with the goods being purchased is prerequisite for payment, for a negotiable promise or order, payment cannot depend upon any condition or contract. 

5 0
3 years ago
Other questions:
  • For each of the following fixed assets, determine the depreciation expense for Year 3: Disposal date is N/A if asset is still in
    12·2 answers
  • The balance in the j.​ higgins, withdrawals account was. the entry to close the account would include​ a:
    11·1 answer
  • For what purpose are goods and services produced in a socialist economy?
    15·2 answers
  • When XYZ firm entered the market for good A two years​ back, it kept the price of its product low to attract customers away from
    8·1 answer
  • Which of the following is not a benefit of a store channel shopping experience?
    14·1 answer
  • A household is a person or a group of people who live in the same residence. In economics, households are also
    11·2 answers
  • Journalize entries for the following related transactions of Lilly Heating & Air Company using the net method under a perpet
    13·1 answer
  • Choose the system of linear inequalities that represent the given scenario. Let a represent the number of adult tickets and let
    9·2 answers
  • Tools can be used safely for jobs that they were not designed to do. True or False
    8·2 answers
  • Who wants to be my friend and get 10 point reply and follow me . AllyubongAbasiEtuk​
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!