Jacob pays $5,000 to paint his house because pollution from a nearby factory damaged the paint.To the factory,the $5,000 cost is
A) a private cost and not an external cost.
B) an external cost and not a private cost.
C) both a private cost and an external cost.
D) neither a private cost nor an external cost.
E) a private benefit because viewers will benefit from watching the extra hour of the show.
Correct Answer:
Verified
Q18: The cost of producing an additional unit
Q19: For a product with an external cost,the
Q20: Pollution is an example of a _
Q21: Marginal social cost is the
A) price a
Q22: When logging in the Pacific Northwest destroys
Q24: If the marginal external cost of building
Q25: The marginal social cost of producing a
Q26: Which of the following is true?
A) MSC
Q27: Which of the following equations is correct?
A)
Q28: A marginal external cost of a product
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