What is an externality? Give an example of a positive externality, and give an example of a
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
An externality is a benefit or cost that affects s...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Micro Economics questions
-
Give an example of a positive statement and an example of a normative statement that somehow relates to your daily life. Name three parts of government that regularly rely on advice from economists.
-
Give an example of a negative externality and an example of a positive externality.
-
Multiple Choice Questions: 1. If the production of a good generates a negative externality, then in equilibrium in a perfectly competitive market, a. Marginal private cost > price. b. Price >...
-
In Exercises 1114, graph each equation in a rectangular coordinate system. If two functions are indicated, graph both in the same system. Then use your graphs to identify each relations domain and...
-
(3-Year Worksheet, Journal Entries, and Reporting) Jackson Company adopts acceptable accounting for its defined-benefit pension plan on January 1, 2009, with the following beginning balances: plan...
-
Heitger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Heitger identified three overhead activities and related drivers. Budgeted information for the...
-
E 16-11 Recording partner retirementRevaluation case Capital balances and profit-sharing percentages for the Achmad, Fakhry, and Fatimah partnership on December 31, 2016, just before the retirement...
-
Nowjuice, Inc., produces Shakewell fruit juice. A planner has developed an aggregate forecast for demand (in cases) for the next six months. Develop an aggregate plan using each of the following...
-
At the beginning of 2018, Mansen Group acquired equipment costing 80,000. It was estimated that this equipment would have a useful life of 6 years and a residual value of 8,000 at that time. The...
-
A soft drink bottling company is interested in controlling its filling operation. Random samples of size 4 are selected and the fill weight is recorded. The table below shows the data for 24 samples....
-
Construct a table like the one in this appendix on page 144 but assume that the rent ceiling is $2,000 rather than $1,500?
-
In a study at a large state university, students were randomly assigned roommates. Researchers found that, on average, males assigned to roommates who reported drinking alcohol in the year before...
-
How many big C Calories does it take to raise the temperature of 2.00 L of water from 22.0C to 40.0C? How many kilojoules? Take the density of water to be 1.00 g/mL.
-
What is the logical ending point of a sequential game that starts at position (2,8) with player 1 moving first? Show your work. Player 1 Strategy B Strategy A Strategy A Player 2 Strategy B (3,4)...
-
Problem A-6 Income and Retained Earnings Statements Peanut Corporation is a private corporation using ASPE. At December 31, 2017, an analysis of the accounts and discussions with company officials...
-
8.5 Area Between Curves (dy) Calculus-Calculator Allowed Mastery Check #2 Name: Date: Period: For 1-2, find the area of the region bounded by the following curves. Show the integral set up with...
-
Your company has a travel policy that reimburses employees for the "ordinary and necessary" costs of business travel. Employees often mix a business trip with pleasure by either extending the time at...
-
Simulation A: 1 Diameter 600 mm 2 Focal Length 1800 mm 3 F/D Ratio 3 4 Eyepieces 30 m 5 Barlow? N 6 Celestial Sights M42 - M31 - M51 Simulation B: 1 Diameter 150 mm 2 Focal Length 1800 mm 3 F/D Ratio...
-
The following information is available for GameStop for the three years ending December 31, 2021 (dollars in millions). Required: A. Using the information provided, use Altmans bankruptcy model...
-
The following data are supplied for the common stocks of Nikola Corporation, Tesla, Inc. and General Motors: Nikola Corp (NKLA) Tesla Inc. (TSLA) Close Price ($) Close Price ($) 67.53 30.00 40.81...
-
What is the difference between quantitative and qualitative data?
-
Does intrafirm trade contradict the theory of comparative advantage? Why or why not?
-
What is intraindustry trade and how does it differ from interindustry trade? Are the gains from trade similar?
-
Comfort Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Stenback Inc. costs $1,000,000 and will last five years and have...
-
Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 71,000 shares of $10 par common stock. 8,500 shares of $60 par, 6 percent, noncumulative preferred stock. On...
-
Read the following case and then answer questions On 1 January 2016 a company purchased a machine at a cost of $3,000. Its useful life is estimated to be 10 years and then it has a residual value of...
Study smarter with the SolutionInn App