If the demand for a monopoly's output shifts rightward, the change in quantity produced is

If a firm is not forced to take account of a negative externality it creates, it will produce the quantity at which

a. the marginal cost of production equals the marginal private benefit b. the marginal cost of production equals the marginal social benefit c. the marginal social cost of production the equals marginal private benefit d. the marginal social cost of production equals the marginal social benefit e. price equals marginal social benefit

Which of the following is an example of a positive externality? a. Nick spends $500 to landscape his yard and his property increases in value by $1,000

b. Mick spends $500 on a stereo, which he plays so loudly that his neighbors are willing to pay him $1,000 not to play the stereo. c. An increase in the demand for computers causes IBM to hire more workers. d. Complaints of speeding cause police to increase surveillance. e. Lisa puts new concrete on her driveway and now the neighboring kids use it for skateboarding.