Question 67 University researchers create a positive externality because what they discover in their research labs can easily be learned by others who haven't contributed to the research costs. Suppose that the federal government gives grants to these researchers equal to the their per-unit production externality. What is the relationship between the equilibrium quantity of university research and the socially optimal quantity of university research produced? The equilibrium quantity is greater than the socially optimal quantity They are equal The equilibrium quantity is less than the socially optimal quantity, 0/1 pts There is not enough information to answer the question
rrect Question 66 Table 4-10 The following table shows the number of cases of water each seller is willing to sell at the prices listed. Price per case Alpine Springs Brook Mountain Cascade Waters bew Good $0.00 $3.00 $6.00 $9.00 0 cases 100 cases 200 cases 300 cases 200 cases 0 cases -100 cases 40 cases 30 cases 120 cases 0 cases 60 cases 120 cases 0/1 pts 180 cases 0 cases 100 cases 200 cases Refer to Table 4-10. If Alpine Springs and Dew Good are the only two suppliers in this market, by how much does the market quantity supplied change with each $3 increase in price? 300 cases
Price per case Alpine Springs Brook Mountain $0.00 $3.00 $6.00 $9.00 V O cases 100 cases 200 cases 300 cases -200 cases -100 cases 100 cases 0 cases 200 cases 40 cases 80 cases 120 cases Cascade Waters Dew Good 0 cases 60 cases 120 cases 180 cases 0 cases 100 cases Refer to Table 4-10. If Alpine Springs and Dew Good are the only two suppliers in this market, by how much does the market quantity supplied change with each $3 increase in price? the 200 cases 300 cases
ncorrect Question 64 Table 4-9 An Increase in Demand A Decrease in Demand A B An Increase in Supply D JA C Refer to Table 4-9. Which combination would produce a decrease in equilibrium quantity and an indeterminate change in equilibrium price? 0/1 pts A Decrease in Supply to B
Incorrect Incorrect Question 67 University researchers create a positive externality because what they discover in their research
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