In this graph for negative externalities in production, what is true at Q1?



a. The firm would be better off if production was lowered.

b. Society would be better off if production was lowered.

c. Marginal benefits are greater than marginal costs.

d. Marginal benefits are less than marginal costs.


d. Marginal benefits are less than marginal costs.

Economics

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When an immigrant sends a remittance from his host country to his family in his home country, the benefits of immigration to the:

A. Home and host country are increased B. Home and host country are decreased C. Host country are increased, but decreased to the home country D. Host country are decreased, but increased to the home country

Economics

As income levels rose moderately last year in the San Jose area, it was observed by local realtors that housing sales increased substantially. It is clear from this information that, everything else held constant, the income elasticity of demand for houses is _____

a. negative and relatively low b. negative and relatively high c. positive and relatively low d. positive and relatively high e. neither positive nor negative

Economics

Policies to lower the natural rate of unemployment include

a. proposals to raise the minimum wage rate. b. mandated prison sentences for drug dealers. c. retraining programs and employment services. d. changes in the tax laws.

Economics

Refer to the information provided in Figure 7.4 below to answer the question(s) that follow.  Figure 7.4Refer to Figure 7.4. The marginal product of the sixth worker is

A. -50. B. -5. C. 5. D. 8.33.

Economics