Which of the following illustrates the concept of external benefit?
A) Good weather increases the size of the wheat crop.
B) A new pesticide increases the size of the wheat crop.
C) A gardener enjoys his flowers.
D) Neighbors enjoy a gardener's flowers.
Correct Answer:
Verified
Q2: An example of an activity that generates
Q3: The cost of producing an additional unit
Q4: In which of the following markets are
Q5: Suppose a firm produces pollution when it
Q6: The cost of producing one more unit
Q7: A private cost is a cost of
Q8: A private cost is a cost of
Q9: Air pollution caused by lead
A) has never
Q10: Beautification of the national highways through the
Q11: An example of an externality occurs when
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