1. Which of the following represent reasons for a potentially beneficial role of
ID: 1178196 • Letter: 1
Question
1. Which of the following represent reasons for a potentially beneficial role of government discussed in the text?
Instructions: Select all that apply.
Preventing restraints on trade.
Offsetting the incentive effect provided by wages.
Correcting informational and rationality problems.
Government failure that affects market pricing.
Creating barriers to entry to promote market efficiency.
Correcting for negative externalities.
2. Which of the following is an example of signaling?
Instructions: Select all that apply.
Car warrantees
Low-price guarantees
Holiday sales
90-day return policies
Patents
Academic credentials
3. Using the table below, which shows the demand for a public good in an economy consisting of two households, A and B, answer the following questions:
Price
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$12.00
Quantity
A
12
10
8
6
4
2
0
demanded
B
4
3
2
1
0
0
0
c) If the marginal cost of providing one unit of the good is $2.00, what is the socially optimal amount of the public good? _______unit(s)
4. Refer to the graph below.
The point on the graph corresponding to the socially optimal output per year and the price sellers must receive to make that amount available is shown by point:
A. G.
B. H.
C. I.
D. K.
Preventing restraints on trade.
Offsetting the incentive effect provided by wages.
Correcting informational and rationality problems.
Government failure that affects market pricing.
Creating barriers to entry to promote market efficiency.
Correcting for negative externalities.
Which of the following represent reasons for a potentially beneficial role of government discussed in the text? Which of the following is an example of signaling? Using the table below, which shows the demand for a public good in an economy consisting of two households, A and B, answer the following questions: If the marginal cost of providing one unit of the good is $2.00, what is the socially optimal amount of the public good? Refer to the graph below. The point on the graph corresponding to the socially optimal output per year and the price sellers must receive to make that amount available is shown by point:Explanation / Answer
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