"The marginal social cost of burning garbage in Houston is the sum of the marginal private cost and the marginal external cost." Is this assertion correct or incorrect?
What will be an ideal response?
The statement is correct. The marginal social cost of any activity is the sum of the marginal private cost plus the marginal external cost.
Economics
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_______% of the people on welfare lives below the poverty line.
Fill in the blank(s) with the appropriate word(s).
Economics
Which of the following is an outside incentive that forces managers to put forth maximal effort?
A. Performance bonuses B. Threat of takeovers C. Flat fees D. Revenue-sharing contracts
Economics