In which of the following situations would a positive externality most likely be involved?
A) Shawn is sitting at home one day when she gets a telephone call, informing her that she has won $10,000 in a contest she entered three months ago.
B) There are eight houses in the neighborhood where Rodney lives.Rodney likes nice-looking yards, and last week his neighbors began to beautify their yards.
C) Willy needs eight hours of sleep each night to feel good.Last night he got eight hours of sleep.
D) Patrick received an A on a biology exam.He is feeling better about his chances of getting admitted to medical school.
Correct Answer:
Verified
Q49: When negative externalities are involved, the market
Q50: Exhibit 30-2 Q51: Suppose the production of a good results Q52: Given a positive externality, the marginal social Q53: When a positive externality exists, Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
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A)external benefits are