A warranty offered by a seller is one way to overcome:
a. A warranty offered by a seller is one way to overcome:.
b. a negative externality problem

Refer to the above table. Suppose one country has a per capita real GDP of $1000 and another has a per capita real GDP of $10,000, or ten times larger. If both countries have a growth rate of 5 percent, how much larger will per capita real GDP be in the second country be than the first after 50 years?

A) 8 times larger B) 5 times larger C) 10 times larger D) 4 times larger

Marginal social cost is equal to ________

A) marginal private cost plus the marginal external cost B) the marginal external cost C) the value of the tax that will make the market efficient D) the marginal cost imposed on people other than the producer of the good