A loud band plays a concert late at night in a neighborhood park. The noise produced by the band that keeps the neighbors not attending the concert awake is
A) only a private cost.
B) only an external cost.
C) both a private cost and an external cost.
D) neither a private cost nor an external cost.
E) private benefit because the neighbors get to hear the band.
Correct Answer:
Verified
Q4: The difference between private cost and social
Q13: To ensure all students are protected from
Q22: When logging in the Pacific Northwest destroys
Q25: Which of the following is true?
A) MSC
Q29: Suppose two neighborhoods (A and B)have identical
Q31: Suppose two neighborhoods with 10 homes each
Q35: Marginal social cost is equal to
A) the
Q36: Which of the following is an example
Q37: Which of the following is an example
Q38: The marginal cost incurred by the entire
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