A government mandate to require the production or consumption of a good or service would be a good example of a response to:
A) a positive externality.
B) a negative externality.
C) moral hazard.
D) a public good
Homework Answers
After eating 3 slices, if Sam is going for the fourth one, it implies that the marginal utility from both these slices were positive.
Hence the correct option is
B) Marginal utility was positive for the third slice and positive for the fourth slice.
If the government mandates the consumption of a good or service, it means some positive externality is associated with its consumption. This way the government can enable the market to reach the socially optimum equilibrium level.
Hence the correct option is
A) a positive externality.
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