Joanne rents a TV production studio to produce an extra hour of a TV show.The rent 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
Q3: For a firm,its labor costs are
A) a
Q4: The difference between private cost and social
Q5: Which of the following is NOT an
Q6: A private cost is a cost of
Q7: A cost that arises from the production
Q9: Marginal private cost
A) is always zero if
Q10: When studying pollution and the environment,economists
A) have
Q11: An example of someone bearing the burden
Q12: The production of electricity creates pollution.When deciding
Q13: To ensure all students are protected from
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