Week 4 Quiz 3 - Question 1 4 out of 4 points Another term for implicit cost is Selected Answer Opportunity cost Correct Answer Opportunity cost Question

Question 1 4 out of 4 points Another term for implicit cost is Question 2 4 out of 4 pointsWhen a benefit of an action falls on other than the person (or persons) responsible for the action,which of the following exists? Question 3 4 out of 4 pointsIf all benefits from consuming a good go to consumers, the demand curve is the same as the Question 4 4 out of 4 pointsAs additional units of pollution control are added, at some point each additional unit adds Question 5 0 out of 4 points

Costs incurred by the producer to buy or hire resources are called Question 6 4 out of 4 points The efficient level of pollution is zero only if the Question 7 4 out of 4 points Which of the following creates a positive externality in production?