Negative externality - Study guides, Class notes & Summaries
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HCM 402 Final || A+ Verified Solutions.
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Define Productive Efficiency and Allocative Efficiency correct answers - Productive efficiency: is concerned with the optimal method of producing goods; producing goods at the lowest cost. 
- Allocative efficiency is concerned with the optimal distribution of goods and services. 
 
Briefly contrast how firms in a perfectly competitive market will respond to long-run profits and losses. Include an explanation of each response affects the price level. correct answers In the long run, firms will re...
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Bloomberg ESG Certification - Introduction to ESG and Sustainable Finance Questions and Answers 100% Pass
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Bloomberg ESG Certification - Introduction to ESG and 
Sustainable Finance Questions and Answers 100% Pass 
Why do traditional valuation models, like discounted cash flow, fail at capturing the full 
range of risks companies face today? Choose one. 
A. They do not consider compliance risk. 
B. They offer limited, deterministic and potentially misleading insights. 
C. They are outdated. 
D. They do not consider reputational risk. - Correct Answer ️️ -B. They offer limited, 
deterministic and ...
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ECON 201 EXAM 1 BALL STATE QUESTIONS & ANSWERS RATED 100% CORRECT!!
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Can governments control who ends up bearing the burden of a tax buy imposing the tax wholly on 
buyers and sellers? - no. 
Cross Price Elasticity of Demand (CPED) - (% change in Qd of good 1) / (% change in P of good 2) 
Different elasticities. - Elasticities of Supply - Price elasticity of supply 
Elasticities of Demand - price elasticity of demand, cross -price elasticity of demand. 
Effects of tax on Sellers and Buyers. 
What happens to the equilibrium price and quantities? 
What happens to c...
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ECO/365 - Week 4 - Complete:
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DQ 1. What is an externality? Are they always negative? 
Provide examples. How does an externality affect the market 
outcome? What is a Market Failure? Is it possible for a 
goer e t’s solutio to a arket failure to a tually orse 
the failure? Explain your answer. 
DQ 2. What are the differences among horizontal, vertical, and 
conglomerate mergers? What does the U.S. government hope 
to achieve through the use of its antitrust policy? How do the 
resolutions of the IBM®, AT&T®, and ...
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BCOR 1015 Final Questions and Answers Graded A
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BCOR 1015 Final Questions and Answers Graded A What are Hayeks views on planning and decision making? he believes in decentralized knowledge 
HAYEK: what is decentralized knowledge? spreading knowledge amongst people 
is Hayek against centralization? yes 
HAYEK: how does the price system coordinate resources? price signals are used to make decisions and send information to other groups because prices are lower or higher 
what are price signals? signals wrapped up in incentives; prices can consta...
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WGU C718 Full Study Guide Questions | 104 Questions with 100% Correct Answers | Verified | Latest Update | 25 Pages
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WGU C718 Full Study Guide Questions | 104 
Questions with 100% Correct Answers | 
Verified | Latest Update | 25 Pages 
What is the definition of economics? - Answer ️️ -the study of how humans make decisions in 
the face of scarcity 
What are economic and accounting profits? - Answer ️️ -Accounting - profit computed using 
only explicit costs 
Total revenue - Explicit costs = accounting profit 
Economic - profit computed using explicit and implicit costs 
Total revenue - Explicit costs -...
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Micro Economics 1000 Carleton U -December Final Exam Questions And Answers Rated A+ 2024 Updates
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A competitive firm is said to maximize its profit when....... - the price is equal to marginal cost. 
A Firm's Cost Curve - 
A firm's demand for a factor input, for example labour, slopes _____________. 
A) upward, due to the increasing marginal product of labour 
B) downward, due to the diminishing marginal product of labour 
C) downward, due to the increasing wage rates 
D) upward, due to the decreasing wage rates - B 
A profit-maximizing competitive firm should hire workers up to the point ...
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Economics Today The Macro View Ch.5 Public Spending and Public Choice
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Economics Today The Macro View Ch.5 Public Spending 
and Public Choice 
1. Market failure ️: Prevent the price system from attaining economic efficiency and individual 
freedom. 
2. Externality (external cost) ️: A consequence of an economic activity that spills over to affect third 
parties. Pollution is an _____? 
Answer: externality. 
3. Market Failure ️: A situation in which the market economy leads to too few or too many resources 
going to a specific economic activity. 
4....
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EC238 Test Bank - Quiz Bank Environmental Economics Questions and Answers Latest.
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EC238 Test Bank - Quiz Bank Environmental Economics Questions and Answers Latest. 
Chap 1_4ce 
Student: 
1. A(n) in the economic world is something that leads people to channel their production and 
consumption efforts in a specific direction. 
A. moral obligation 
C. property right 
D. ethical motive 
2. Any economic system will produce destructive environmental impacts if the within the system 
are not structured to avoid them. 
A. ethics 
B. prices 
D. incentives 
3. A small coastal community...
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MGT 300 Exam 2 Latest Update 100% Correct
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MGT 300 Exam 2 Latest Update 100% 
 
Correct 
 
Ethics The moral principles, values, and beliefs that govern group or individual behavior 
according to what is right or wrong and what contributes to the balanced good of all stakeholders 
 
Ethical Dilemma A situation in which no choice is entirely right 
 
Preconventional Stage An individual's moral decisions is based primarily on self-protection 
or self-interest 
 
Does things based on rewards/punishment 
 
Conventional Stage An individual's...
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