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Economics in the News August 21, 2013 Read the news article, Mark Zuckerberg's big idea: The next 5 billion people , and then answer the following...

Economics in the News

August​ 21, 2013

Read the news​ article,

Mark Zuckerberg's big idea: The next 5 billion people​, and then answer the following questions.

1. Why​ isn't everyone connected to the​ Internet?

For some people the​ _____ of an Internet connection exceeds the​ _____ , so they chose to not be connected to the Internet.

A.

marginal​ cost; marginal benefit

B.

marginal​ benefit; marginal cost

C.

​price; price of a cell phone

D.

marginal​ cost; marginal cost of a television

2. Graphical Analysis.

The graph shows the PPF for Internet connection and other goods and services.

1. Draw a point on the graph that is efficient and that represents where we are today. Label it 1.

2. Draw a point on the graph that is efficient and that represents where Mark Zuckerberg wants to be. Label it 2.

3. Draw a point on the graph that is unattainable. Label it 3.

4. Draw a point on the graph that is inefficient. Label it 4.

Top Answer

1) Majority of the world population are still not connected to the... View the full answer

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