When there is a positive externality
A) the marginal social benefit received by consumers is greater than the marginal private benefit.
B) the marginal private benefit received by consumers is greater than the marginal private cost.
C) the marginal private benefit received by consumers is greater than the external benefit.
D) the marginal private benefit received by consumers is greater than the marginal social benefit.
A
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According to the Consider This box about hypothetical countries Slogo, Sumgo, and Speedo, small differences in __________ make for large differences in _________ over several decades, assuming the same growth of population for each
country. A. inflation rates; unemployment rates B. unemployment rates; economic growth rates C. economic growth rates; real GDP per capita D. tax rates; real GDP per capita
Refer to Figure 19.1. Ben's consumer surplus is equal to
A. $200. B. $100. C. $50. D. $0.