The marginal social benefit to Exceed the marginal private cost of the last unit produced. The production of a certain fertilizer emits a gas that keeps away mosquitoes and other insects from the surrounding community. This is an example of a ________. positive externality. Study with Quizlet and memorize flashcards containing terms like Which ...A positive externality is a benefit of producing or consuming a product. For example, education is a positive externality of school because people learn and develop skills for careers and their lives. In comparison, negative externalities are a cost of production or consumption. For example, pollution is a negative externality that results …O National Defense O A Lighthouse O AM/FM Radio The Postal Service If a teacher was to get a flu shot, which of the following best describes the positive externality associated with the transaction? The payment to the doctor who administer's the flu shot. The decreased probability that the teacher contracts the flu.Study with Quizlet and memorize flashcards containing terms like When there is a negative externality, the private cost of production ________ the social cost of production. A. is equal to B. eliminates C. is greater than D. is less than, A product is considered to be nonexcludable if A. your consumption of the product reduces the quantity available for others to consume. B. you cannot keep ...Study with Quizlet and memorize flashcards containing terms like An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays nor receives any compensation for that effect. If the impact on the third party is adverse, it is called a __________ externality., With this type of externality, in the …Incorrect Answers. "Unintended costs to people not involved in a choice." A positive externality is when a person or business activity results in an unintended benefit to someone else. This is the opposite of a negative externality, which is when a person or business activity results in an unintended cost to someone else. "Benefits experienced ...Medial means toward the middle or center. It is the opposite of lateral. The term is used to describe general positions of body parts. For example, the chest is medial to the arm. ...Which of the following correctly describes the external benefit resulting from an individual's purchase of a winter flu shot? ... The positive externality associated with education is. increases in societal well-being and economic growth. A legally mandated minimum wage is an example of.Economics questions and answers. Which of the following statements describes the occurance of a positive externality resulting from the production of a good by a new technology? A. When pollution is produced during the development of the new technology B. When income is received by the developer for selling the good made by the new …Study with Quizlet and memorize flashcards containing terms like _____ describes a situation where a third party, outside the transaction, suffers from a market transaction by others., A positive externality arises in a situation where a third party, outside the transaction,, _____ include both the private costs incurred by firms and also costs incurred by third parties outside the production ...Flashcards 02.07 Externalities | Quizlet. Which of the following could lead to a positive externality on the international scale? Click the card to flip. Foreign aid. Quizlet has study tools to help you learn anything. Improve your grades and reach your goals with flashcards, practice tests and expert-written solutions today.Which of the following correctly describes a positive externality resulting from an individual's purchase of a winter flu shot? The flu shot reduces the likelihood others will … In this equation: U = I + a*E, you would want "a" to be: As large as possible. As a marketer, you want to think of ways to make customers' utility or value a positive function of other customers. True. Increasing positive network externalities in the product and/or decreasing any negative network externalities that might be present are both ... For a positive externality, _____ than the social benefits. private benefits of an action are less. if a firm's efforts to be technologically innovative will create a positive externality, then that firm will likely ... which of the following best describe the estimated returns on education that go primarily to the individual worker? private ...Which of the following describes a positive externality? People who do not attend college still benefit from others who receive a college education. Suppose a tax equal to the value of the marginal external cost at the optimal output is imposed on a pollution generating good.Q-Chat. Get a hint. Which of the following is a Positive Externality A) Charles enjoys listening to the music played by his neighbor B) William pays a higher price for a used bicycle because it is in excellent condition C) Harry does all the cooking for his family because his wife does all the cleaning. D) Diana dislikes the smell of cooking ...Study with Quizlet and memorize flashcards containing terms like _____ describes a situation where a third party, outside the transaction, suffers from a market transaction by others., A positive externality arises in a situation where a third party, outside the transaction,, _____ include both the private costs incurred by firms and also costs incurred by third parties outside the production ...Economics questions and answers. Which of the following statements describes the occurance of a positive externality resulting from the production of a good by a new technology? A. When pollution is produced during the development of the new technology B. When income is received by the developer for selling the good made by the new technology C ...Accretion describes the positive change to a company's earnings per share (EPS) after a merger or acquisition of another company. In these transactions, the remaining company does ...These actions by the government lead to all the following outcomes, except Part 2 an increase in the negative externality caused by cigarette smoking. The division of a tax burden between buyers and sellers is known as: A. fiscal structure.The crash killed all 224 passengers on board. This post has been updated. Aviation officials believe that the Russian Metrojet flight that crashed in Egypt on Saturday (Oct. 31) ki...In long-run equilibrium, the marginal social cost equals the marginal private cost, and the marginal social benefit equals the marginal private benefit. This describes Which of the following markets? Oligopoly with no externalities Monopoly with perfect information Perfect competition with externalities Perfect competition with asymmetric ...Transcribed image text: Which of the following best describes the positive externality impact of doctors when they administer vaccinations against disease? Doctors earn income by charging for flu shots. Flu shots reduce sick days, allowing those who get flu shots to earn more income. O Flu shots reduce the likelihood of others catching the flu.Study with Quizlet and memorize flashcards containing terms like The supply and demand conditions facing a firm that makes widgets and generates a negative externality by dumping a highly toxic sludge in a nearby river is given in the table below. The equilibrium price and quantity when social costs are taken into account are A. Price = $55, Quantity = 30 B. Price = $40, Quantity = 55 C. Price ...If you need to keep your gadgets powered up on the go, you'll need batteries—or better yet, an external battery pack. There are tons to choose from, but last week we asked you for ...Accretion describes the positive change to a company's earnings per share (EPS) after a merger or acquisition of another company. In these transactions, the remaining company does ...Click to viewIf and when that terrible day your Mac dies finally catches up to you, you can be back up and running with all your applications, settings and data in under 5 seconds ...Oligopoly O Monopoly O Positive externality O Allocative efficiency O Negative externality Which of the following describes the effect that would occur on pencils if the government implemented a per unit subsidy on pencils? The price of pencils would increase The output supplied a market would increase.The following graph shows the marginal social cost (MSC), the marginal private cost (MPC), and the marginal social benefit (MSB) of a good. If the government wants the firm to internalize the externality, the government can do so by A) doing nothing B) imposing a per-unit tax of $0.50 C) imposing a per-unit tax of $1.00 D) granting a per-unit subsidy of … Which one of the following statements best describes a positive externality? Question 77 options: A worker enjoys doing her job and still paid for doing it. John gets the vaccine against the coronavirus. Laura passes her economics test and gets her degree. The government reduces Economics questions and answers. Consider the following scenario: Suppose that a brewery enjoys a large Increase in customers whenever the blues bar next door features a band playing live music, because it can be easily heard from the brewery. The blues bar owner decides to purchase the brewery so that he can internalize this positive externality.The integration of two businesses. Suppose that a cafe enjoys a large increase in customers whenever the jazz club next door features a band playing appealing music, because it can be easily heard from the cafe. The jazz club owner decides to purchase the cafe so that he can internalize this positive externality Which of the following types of ...Step-by-step explanation. Answer: 1) perfect competition with a negative externality. With MSC>MPC, the marginal external cost is positive, showing a negative externality. It is a competitive market because a competitive market always produces at …Study with Quizlet and memorize flashcards containing terms like Which of the following is a positive externality? After measles vaccinations increase by 20%, the number of cases of measles falls by 35%. Researchers develop a new drug that effectively treats a devastating disease that previously had no cure. After the price of dental care decreases, more people can afford regular dental check ...Economics questions and answers. Which of the following statements describes the occurance of a positive externality resulting from the production of a good by a new technology?When income is received by the developer for selling the good made by the new technologyWhen people who neither paid for developing the technology nor the good produced ...9. Which of the following is an example of a positive externality? a. A firm emits pollution into the air, harming members of society. b. An auto body shop makes a lot of noise, reducing the property values of nearby homes. c. A coastal dairy farmer's undeveloped land offers unimpeded views of the ocean for a nearby neighborhood. d.The statement that describes a positive externality is D. Going back to finish your matric. A positive externality occurs when an individuals action or decision generates benefits for others that are not directly accounted for by the individual. In this case going back to finish your matric (completing high school) has positive spillover ...True. A positive externality causes. the marginal social benefit to exceed the marginal private cost of the last unit produced. If the social benefit of consuming a good or a service exceeds the private benefit. a positive externality exists. If the production of a good involves positive externalities, ________. What is the size of the externality? If the externality is positive, enter a positive number. If negative, make it a negative number. b. Given this data, policymakers must decide whether to address the associated externality with a subsidy or a tax. As their economic consultant, which of the two policy tools would you recommend? Economics questions and answers. Consider the following scenario: Suppose that a brewery enjoys a large Increase in customers whenever the blues bar next door features a band playing live music, because it can be easily heard from the brewery. The blues bar owner decides to purchase the brewery so that he can internalize this positive externality.Which of the following will be true after the introduction of this tax? ... Which of the following describes the type of externality generated by the unregulated private market and the resulting deadweight loss. It is difficult to change customers directly for the provision of public goods.The answer to this question is: Unintended costs to people not involved in a choice.Describing a negative externality:An externality is a cost or benefit that arises from a particular transaction that affects parties who are not directly involved in that transaction.Negative externality, which is also called external cost, refers to a negative consequence or cost that occurs in a different ...Which of the following would most likely constitute a negative externality affecting free resources? Groundwater pollution. "Fracking" is hydraulic fracturing, or an alternative method of drilling to obtain natural gas deposits. The federal government institutes a new energy policy that includes funding for fracking initiatives in eligible states.9. Which of the following is an example of a positive externality? a. A firm emits pollution into the air harming members of society. b. An auto body shop makes a lot of noise reducing the property values of nearby homes. c. A coastal dairy farmer's undeveloped land offers unimpeded views of the ocean for a nearby neighborhood. d.Study with Quizlet and memorize flashcards containing terms like Which of the following generates a positive externality in the healthcare market?, When doctors order excessive tests and expensive treatments because they know that an insurance company will pay the bill, we have seen a demonstration of _______., When the government funds medical research, it generates _______. and more.... Positive Externality I usually get the flu vaccine. In 2018 ... In 1955, Milton Friedman wrote the following about education: ... positive externality. In The Real ...Economics. Economics questions and answers. 9. Private solutions to correct for externalities Consider the following scenario: Suppose that a brewery enjoys a large increase in customers whenever the blues bar next door features a band playing live music, because it can be easily heard from the brewery. The blues bar owner decides to …Study with Quizlet and memorize flashcards containing terms like when many people decide to act as free riders, then:, when a hypothetical company's R&D project is successful, then, Some studies done by economists have found that the original inventor receives _____ from innovations, while other businesses and new product users receive the rest of the benefit. and more.A type of tax that is levied on the quantity of pollution that a firm emits. The optimum level of pollution in a market would be. A-zero pollution. B-When the negative externalities are eliminated. C-the level of pollution where the marginal cost and benefit of … A type of tax that is levied on the quantity of pollution that a firm emits. The optimum level of pollution in a market would be. A-zero pollution. B-When the negative externalities are eliminated. C-the level of pollution where the marginal cost and benefit of reducing pollution are equal. In the presence of a positive externality (with a constant marginal external benefit), this curve lies above the demand curve at all quantities. When we add external costs to private costs, we create a marginal social cost curve. These spillover costs and benefits are called externalities. A negative externality occurs when a cost spills over. A positive externality occurs when a benefit spills over. So, externalities occur when some of the costs or benefits of a transaction fall on someone other than the producer or the consumer. Negative Externalities.Study with Quizlet and memorize flashcards containing terms like Which of the following best describes an externality? a. something that is external to the economy b. a sales tax on a good in addition to the market price c. an effect of a transaction felt by someone other than the consumer or producer d. anything produced in other countries e. a change from what is normal, Pollution is an ...Economists use the term externality to describe any time the price determined by a market doesn't reflect the true cost of an action. A positive externality is a good consequence that isn't taken into account. An externality is an effect that an economic transaction has on a party who is not involved in the transaction.. Externalities deter a market from producing … Costs incurred by the producer to buy or hire resources are called. explicit costs. Study with Quizlet and memorize flashcards containing terms like The level of pollution increases when, Which of the following best describes why pollution exists in the environment?, Marginal private cost (MPC) always includes: and more. Which of the following describes a positive externality? People who do not attend college still benefit from others who receive a college education. Mary volunteers to drive her …Economics. Economics questions and answers. 9. Private solutions to correct for externalities Consider the following scenario: Suppose that a brewery enjoys a large increase in customers whenever the blues bar next door features a band playing live music, because it can be easily heard from the brewery. The blues bar owner decides to …Which of the following best describes the basic problem with a negative externality? the private market produces too much, resulting in deadweight loss. the private market produces the right quantity, but the price is too low. the private market produces the right quantity, but the price is too high. the private market produces too little ...Which of the following correctly describes the external benefit resulting from an individual's purchase of a winter flu shot? ... The positive externality associated with education is. increases in societal well-being and economic growth. A legally mandated minimum wage is an example of.South Korea became the first country to impose curbs on Google and Apple's payment policies that force developers to only use their own billing systems. South Korean messaging gian...Which of the following statements describes the occurrence of a positive externality resulting from the production of a good by new technology? a) When income is received by the developer for selling the good made by the new technology. b) When pollution is produced during the development of the new technology.Which of the following situations best describes a negative externality? You make a sardine and Limburger sandwich that makes your dorm smell terrible. The unbelievable stench caused by this sandwich imposes a cost on your dorm-mates that is not accounted for when you performed a cost benefit analysis on making the sandwich.Question: Which of the following describes a positive externality? A. John Henry paints the outside of his house in order to increase its market value just before he puts the …After a job interview, it’s crucial to follow up with a thank you note. This simple gesture shows your appreciation for the opportunity and allows you to reiterate your interest in...Question: Which of the following situations describes a positive externality? Group of answer choices Alexa finds a $10 bill on the sidewalk Milton buys a video game and enjoys playing it more than he thought he would Harner Farms gives customers a free apple with each pumpkin they purchase Carson builds a large sandcastle at the beach for fun, but …Please help me with these two homework problems. 1. The deadweight loss associated with any positive externality is the: A. lost benefits from consumption that could otherwise be realized if the externality is internalized. B. benefit to third parties of keeping the externality in place. C. cost to consumers of government actions to internalize.Study with Quizlet and memorize flashcards containing terms like Which of the following generates a positive externality in the healthcare market?, When doctors order excessive tests and expensive treatments because they know that an insurance company will pay the bill, we have seen a demonstration of _______., When the government funds medical …A positive externality, on the other hand, is when one party receives an indirect benefit as a result of actions taken by another. Externalities can stem from either...Economics questions and answers. Which of the following situations is clearly and unambiguously descriptive of a positive externality? a) Jack feels better after his daily walk. b) Joriel studies harder than anyone in his class. C) Professor Gomez gave an unannounced quiz to her history class yesterday. d) The President of the United States ...The data in the map most directly relate to potential negative and positive externalities affecting, The Kentucky government approves tax incentives to encourage more industry to move to the state. Which of the following statements best describes a potential negative externality?, a.)Which of the following statements best describes how a Pigouvian tax can create a "double dividend"? Select one: a. One Pigouvian tax reduces the inefficiency from a negative externality in one market, and a second Pigouvian tax creates a positive externality in a different market. b.Which of the following statements best describes how a Pigouvian tax can create a "double dividend"? Select one: a. One Pigouvian tax reduces the inefficiency from a negative externality in one market, and a second Pigouvian tax creates a positive externality in a different market. b.Question: 241 pointWhich of the following describes a positive externality?Mary volunteers to drive her neighbor's children to soccer practice.The government imposes a tax on cigarettes in order to discourage smoking among teenagers.People who do not attend college still benefit from others who receive a college education.John Henry paints the outside of his house inWhich of the following describes the type of externality generated by the unregulated private market and the resulting deadweight loss? negative egh. ... Positive externality; a corrective per-unit subsidy equal to the external benefit …Externality: Externalities arise whenever the actions of one economic agent directly affect another economic agent outside the market mechanism. Externality example: a steel plant that pollutes a river used for recreation. Not an externality example: a steel plant uses more electricity and bids up the price of electricity for other electricity ...You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Question: Which of the following describes a situation in which a third party, outside the transaction, suffers from a market transaction? Group of answer choices An efficient market. a negative externality a public good. a positive externality ...Question: D Question 2 1 pts Which of the following best describes Figures 1? MSC Q, Q O In Figure 1 the good in question exhibits a negative externality O In Figure 1 the good in question exhibits a positive externality O In Figure 1, the market will llocate resources such that Q2 units are produced OThe market in Figure 1 will be allocatively efficientan external cost, such as the cost generated by pollution, is. a cost paid by a third party or by society at large. pollution is caused by a market failure, in an industry in which there is. an over-allocation of resources in production. a negative externality such as pollution can be corrected by. a tax on producers.South Korea became the first country to impose curbs on Google and Apple's payment policies that force developers to only use their own billing systems. South Korean messaging gian...Transcribed image text: Which of the following best describes the positive externality impact of doctors when they administer vaccinations against disease? Doctors earn income by charging for flu shots. Flu shots reduce sick days, allowing those who get flu shots to earn more income. O Flu shots reduce the likelihood of others catching the flu.Which of the following describes how an externality can affect a market? Group of answer choices (choose 1) a) The cost of externalities can always be quantified and "internalized" by a party to the transaction. b) Prices in a competitive market reflect the full costs and benefits of production. c) A positive externality can lead to overproduction.Marginal social benefit is greater than marginal private benefit. National defense is an example of a public good because. it is nonexcludable and nonrival. If the production of a good generates a negative externality, which of the following is …Which of the following negative externalities would most likely result from adding four new major highways, from north to south, on this map? ... Which of the following could lead to a positive externality on the international scale? Foreign aid. Which term describes the individual use of products that can lead to externalities? Private ...Study with Quizlet and memorize flashcards containing terms like Which of the following best describes an externality? a. something that is external to the economy b. a sales tax on a good in addition to the market price c. an effect of a transaction felt by someone other than the consumer or producer d. anything produced in other countries e. a change from what is normal, Pollution is an ...Here’s the best way to solve it. Ans: 1) Option D as a negative externality Explanation An externality is the cost or benefit that affects a thir …. Which of the following best describes how economists generally view pollution? Select one: a. as a non-excludable good b. as a positive externality c. as a negative economy o d. as a negative ...Question: 241 pointWhich of the following describes a positive externality?Mary volunteers to drive her neighbor's children to soccer practice.The government imposes a tax on cigarettes in order to discourage smoking among teenagers.People who do not attend college still benefit from others who receive a college education.John Henry paints the outside of his house inFlashcards 02.07 Externalities | Quizlet. Which of the following could lead to a positive externality on the international scale? Click the card to flip. Foreign aid. Quizlet has study tools to help you learn anything. Improve your grades and reach your goals with flashcards, practice tests and expert-written solutions today. Study with Quizlet and memorize flashcards containing terms like Free markets produce too little output when a. negative externalities exist. b. positive externalities exist. c. products are excludable. d. products are private, Which of the following situations best describes the existence of a negative externality? a. Vernon studies for his biology test late into the night and oversleeps the ... Positive externalities lead to under-consumption and market failure. Government policies to increase demand for goods with positive externalities include. Rules and regulations – minimum school leaving …A positive externality refers to when an action between parties leads to a good effect on other parties that were not part of the original transaction. Whe n foreign aid is given to other nations, those nations can invest the aid in their citizens which means that the citizens would then get a good effect thereby making the aid a positive ... See Answer. Question: Question 4 (1 point) Which of the following correctly describes the
With so much data being generated every single day, top external hard drives provide cost-effective and reliable storage you can access anytime. * Required Field Your Name: * Your ... Which of the following describes how a positive externality affects a competitive market? A) The externality causes a difference between the private benefit from consumption and the social benefit. B) The externality causes a difference between the private benefit from production and the social cost of production. Study with Quizlet and memorize flashcards containing terms like Which of the following is an example of a negative externality?, When there is a negative externality, the unregulated market results in a level of output that is___________ than socially efficient level because the private costs are__________ than the social costs., Which of the following is an example of a positive externality ... Which of the following describes a positive externality? People who do not attend college still benefit from others who receive a college education. Mary volunteers to drive her neighbor's children to soccer practice. The government imposes a tax on cigarettes in order to discourage smoking among teenagers. In today’s fast-paced and competitive business world, effective leadership is crucial for the success and growth of any organization. A good leader not only inspires their team to ...Which of the following statements describes the occurrence of a positive externality resulting from the production of a good by new technology? a) When income is received by the developer for selling the good made by the new technology. b) When pollution is produced during the development of the new technology.The analysis of positive externalities is almost identical to negative externalities. The difference is that instead of the market equilibrium quantity is too much, the market will generate too little Q. Let’s look at an example. Consider the following diagram of a market where a positive externality is present.Terms in this set (25) Study with Quizlet and memorize flashcards containing terms like The four essential economic activities are ..., Which of the following is least likely to involve an external cost (negative externality)?, Which one of the following statements best describes a positive externality? and more.Which of the following best describes the market quantity that will always maximize total economic surplus? ... When the social benefit of a good is greater than the private benefit of a good, that is a positive externality. The production of good B creates negative externalities, but there are no externalities in the consumption of good B. ...The problem with positive externalities is that the people who create the externality cannot charge the beneficiaries; the beneficiaries can “free ride,” or benefit without paying. Free riding results in a suboptimal result, because the producers of the externality will generally create less of the benefit than the larger community needs.•Suppose good X creates a negative externality. Which of the following would NOT be an appropriate way to correct the negative externality? A.subsidize the production of good X B.tax the production of good X C.limit how much of good X can be produced D.require the producers of good X to pay for external costs that ariseIt is non-excludable and non-rival. Which of the following combinations can lead to the tragedy of the commons? A rival and non-excludable good. Which of the following describes a good that is excludable but non-rival in terms of the consumption of the good? Artificially scarce. A good with a very high social benefit is completely non-excludable. Study with Quizlet and memorize flashcards containing terms like when many people decide to act as free riders, then:, when a hypothetical company's R&D project is successful, then, Some studies done by economists have found that the original inventor receives _____ from innovations, while other businesses and new product users receive the rest of the benefit. and more. Economics questions and answers. Which of the following statements describes the occurance of a positive externality resulting from the production of a good by a new technology?When income is received by the developer for selling the good made by the new technologyWhen people who neither paid for developing the technology nor the good produced ...Study with Quizlet and memorize flashcards containing terms like An example of a positive externality is, An automobile company is building a new factory in your town. What may be a positive externality of this event?, A city government uses eminent domain to seize property for a new public high school complex. Which of the following statements best explains a potential positive externality ...Transcribed image text: Which of the following best describes the positive externality impact of doctors when they administer vaccinations against disease? Doctors earn income by charging for flu shots. Flu shots reduce sick days, allowing those who get flu shots to earn more income. O Flu shots reduce the likelihood of others catching the flu.Study with Quizlet and memorize flashcards containing terms like The Pigouvian solution to externalities is to a positive externality and a negative externality. a. subsidize : tax b. tax : subsidize c. assign property rights to : remove property rights from d. remove property rights from : assign property rights to e. invest in : liquidate, In this market, we expect …The following graph shows the marginal social cost (MSC), the marginal private cost (MPC), and the marginal social benefit (MSB) of a good. If the government wants the firm to internalize the externality, the government can do so by A) doing nothing B) imposing a per-unit tax of $0.50 C) imposing a per-unit tax of $1.00 D) granting a per-unit subsidy of …The problem with positive externalities is that the people who create the externality cannot charge the beneficiaries; the beneficiaries can “free ride,” or benefit without paying. Free riding results in a suboptimal result, because the producers of the externality will generally create less of the benefit than the larger community needs.Economics questions and answers. Which of the following situations is clearly and unambiguously descriptive of a positive externality? a) Jack feels better after his daily walk. b) Joriel studies harder than anyone in his class. C) Professor Gomez gave an unannounced quiz to her history class yesterday. d) The President of the United States ...Which of the following describes how an externality can affect a market? Group of answer choices (choose 1) a) The cost of externalities can always be quantified and "internalized" by a party to the transaction. b) Prices in a competitive market reflect the full costs and benefits of production. c) A positive externality can lead to overproduction.Flashcards 02.07 Externalities | Quizlet. Which of the following could lead to a positive externality on the international scale? Click the card to flip. Foreign aid. Quizlet has study tools to help you learn anything. Improve your grades and reach your goals with flashcards, practice tests and expert-written solutions today.A. Oligopoly B. Monopoly C. Positive externality D. Allocative efficiency E. Market inefficiency 2. According to the law of. Answer all of the following questions - MAKE SURE YOU ARE 100% RIGHT ABOUT YOUR ANSWER CHOICE. 1.Which of the following describes a situation where the marginal social cost is greater than the marginal private …1 pts Which of the following most accurately describes the positive externality resulting from an individual's purchase of a LoJack, a stolen vehicle recovery system? This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. In this equation: U = I + a*E, you would want "a" to be: As large as possible. As a marketer, you want to think of ways to make customers' utility or value a positive function of other customers. True. Increasing positive network externalities in the product and/or decreasing any negative network externalities that might be present are both ... The phalanx is a term that has been used for centuries to describe a military formation consisting of heavily armed infantry soldiers standing shoulder to shoulder in tight ranks. ...Economics questions and answers. Which of the following describes how a positive externality affects a competitive market? The externality causes a difference between the private benefit from consumption and the social benefit The externality causes a difference between the social cost of production and the social cost of consumption. The ... Which one of the following statements best describes a positive externality? Question 77 options: A worker enjoys doing her job and still paid for doing it. John gets the vaccine against the coronavirus. Laura passes her economics test and gets her degree. The government reduces 1 pts Which of the following most accurately describes the positive externality resulting from an individual's purchase of a LoJack, a stolen vehicle recovery system? This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts.Study with Quizlet and memorize flashcards containing terms like When there is a negative externality, the private cost of production ________ the social cost of production. A. is equal to B. eliminates C. is greater than D. is less than, A product is considered to be nonexcludable if A. your consumption of the product reduces the quantity available for others to consume. B. you cannot keep ...A positive externality occurs when an action by a party results in benefits for others who are not directly involved in the action. From the options given, answer D - People who do not attend college still benefit from others who receive a college education - is a good example of a positive externality. This is because those who did not go to ...Study with Quizlet and memorize flashcards containing terms like Markets may have difficulty providing the proper quantity of a public good because, Which of the following correctly describes a positive externality resulting from an individual's purchase of a winter flu shot?, Economic efficiency requires that and more.This chapter deals with some of these issues: Will private companies be willing to invest in new technology? In what ways does new technology have positive externalities? What motivates inventors? What role should government play in encouraging research and technology?A positive externality (also called "external benefit" or "external economy" or "beneficial externality") is the positive effect an activity imposes on an unrelated third party. Similar to a negative externality, it can arise either on the production side, or …The statement that describes a positive externality is D. Going back to finish your matric. A positive externality occurs when an individuals action or decision generates benefits for others that are not directly accounted for by the individual. In this case going back to finish your matric (completing high school) has positive spillover ... Study with Quizlet and memorize flashcards containing terms like What is a "social cost" of production?, Which