Homework Answers
Answer to the question is option b) Negative Production Externality
This is because , a negative production externality has a private marginal cost which the production firm bears in its production process and there is also an additional cost namely , social marginal cost (sum of private marginal cost and marginal external cost) which the production firm imposes on the society as a whole and the society suffers from its production process. So that is why the social marginal cost is greater than the private marginal cost of the firm.
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14. The red dot in the sketch below represents a charged particle. The green dot represents...
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particle. The green dot represents a point on an equipotential
surface. The blue dot represents a point on a different
equipotential surface. If the potential at the blue dot is 60 v and
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a. To the right
b. To the left
c. Toward the green dot
d. Away from the...
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