For a common resource, the marginal social cost of the resource is ________ the marginal private cost
A) greater than
B) equal to
C) less than
D) not comparable to
A
Economics
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A market demand curve measures
A) how much a consumer is willing to pay for an additional unit of the good. B) the marginal social benefit of an additional unit of the good. C) the marginal social cost of an additional unit of the good. D) Both answers A and B are correct.
Economics
The aggregate demand curve for labor is the
a. vertical summation of the individual firms' demand curves. b. horizontal summation of the individual firms' demand curves. c. horizontal summation of all the individual supply curves. d. vertical summation of the individual firms' supply curves.
Economics