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Mandarinka [93]
3 years ago
9

Which of the following is true if the production of a good gives rise to a positive externality? The demand curve for the good s

hifts to the right in the presence of positive externalities. The marginal social benefit from each level of output exceeds the consumers' willingness to pay. The marginal private benefit from production exceeds the marginal social benefit. The demand curve for the good shifts to the left in the presence of positive externalities.
Business
1 answer:
OlgaM077 [116]3 years ago
4 0

Answer:

Which of the following is true if the production of a good gives rise to a positive externality?

The demand curve for the good shifts to the right in the presence of positive externalities.

Explanation:

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Suppose that the price of a good decreased. The substitution effect shows the change in consumption for all goods in reaction to
Lapatulllka [165]

Answer:

The correct answer is "relative prices; utility". A further explanation is provided below.

Explanation:

  • The conditions of a connection or bond between variables customer demand or perhaps the proportion of such a given cost of production to the normal distribution of so many other products available throughout the marketplace.
  • Individual's pleasure is usually measured by the consumption of that same goods and services.

Thus the above is the correct answer.

4 0
3 years ago
For each scenario, calculate the cross-price elasticity between the two goods and identify how the goods are related. Please use
Leto [7]

Answer:

a. Cross-price elasticity between A and B: 0. Relationship between A and B: No relationship.

b. Cross-price elasticity between C and D: 2.22. Relationship between C and D: Substitute.

c. Cross-price elasticity between E and F: -8.50. relationship between E and F: Complimentary.

Explanation:

a. Cross-price elasticity between A and B: relationship between A and B:

Percentage change in price of A = 20%

Percentage change in quantity of B =  0%

Cross-price elasticity between A and B = 0%/ 20% = 0.00

Relationship between A and B = No relationship

Note: There is no relationship between A and B because the cross-price elasticity between A and B is zero. That is, change in the price of A does not have any effect on the quantity demanded of B.

b. Cross-price elasticity between C and D: relationship between C and D:

Percentage change in price of C = {($4 - $3) / [($4 + $3) / 2]} * 100 = 28.5714285714286%

Percentage change in quantity of D = {(85 - 44) / [(85 + 44) / 2]} * 100 = 63.5658914728682%

Cross-price elasticity between C and D = 63.5658914728682% / 28.5714285714286% = 2.22

Relationship between C and D = Substitute

Note: The relationship between C and D is substitute because the cross-price elasticity between C and D is positive. That is, an increase in the price of C makes consumer to switch to and buy more of D which is a substitute.

c. cross-price elasticity between E and F: relationship between E and F:

Percentage change in price of E = - 2%

Percentage change in quantity of F =  17%

Cross-price elasticity between E and F = 17%/ (-2%) = - 8.50

Relationship between E and F = Complimentary.

Note: The relationship between E and F is complimentary because the cross-price elasticity between E and F is negative. That is, an increase in the price of E makes consumer to buy more less F which is a compliment or use together with E.

7 0
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If a reform of the tax laws encourages greater saving, the result would be
GarryVolchara [31]

Answer:

The correct answer is

d. lower interest rates and greater investment.

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How do you say no .....without saying no in PERSON?
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Answer:

You can say it through a text, a phone call, an email, or a letter.

Explanation:

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If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for co
aivan3 [116]
If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for concern about <span>the extent of competition. In a monopolistically </span>competitive market, products are differentiated by brand and quality but are not perfect substitutes due to this. Perfect competition is basically a theoretical market because the criteria to qualify has a perfect competitive market is hard to meet. The firms all set the price of their product and the market does not have any influence over it. 
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