resort provides you with Answer Selected Answer Psychic benefits Correct Answer

Resort provides you with answer selected answer

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resort provides you with Answer Selected Answer: Psychic benefits Correct Answer: Psychic benefits Question 17 4 out of 4 points
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If a law is passed making it illegal for unlicensed barbers to cut hair, which of the following will result? Answer Selected Answer: Higher priced haircuts Correct Answer: Higher priced haircuts Question 18 4 out of 4 points When an individual receives benefits from a business endeavor in the form of personal satisfaction, the benefits are known as Answer Selected Answer: Psychic income Correct Answer: Psychic income Question 19 4 out of 4 points The marginal cost of a good is Answer Selected
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Answer: The change in total cost per unit change in output Correct Answer: The change in total cost per unit change in output Question 20 4 out of 4 points Government can effectively remedy the free-rider problem by Answer Selected Answer: Requiring all who receive the benefits of a public good or service to pay appropriate taxes for it Correct Answer: Requiring all who receive the benefits of a public good or service to pay appropriate taxes for it Question 21 4 out of 4 points Police officers should be hired up to the point where Answer Selected Answer: The benefit of the last officer hired is just equal to what its cost to hire her Correct Answer: The benefit of the last officer hired is just equal to what its cost to hire her Question 22 4 out of 4 points An additional expenditure on crime prevention
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should be allocated to the activity where Answer Selected Answer: MSB is greatest Correct Answer: MSB is greatest Question 23 4 out of 4 points Which of the following exists when an individual consumes benefits from a public good but does not pay for its cost?
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  • Spring '11
  • CamilleCastorina
  • Economics, Externality

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