Marginal Benefits and Costs - Private and Social Exercise 3 Catherine owns a factory that produces computers. Determine whether the following costs are private or social costs: a. Equipment inside the factory: b. Unused scrap material piled in a nearby ditch: c. Land for the factory and the parking lot for employees: d. Air pollution created by the production of computers: e. Catherine's entrepreneurial ability: f. Factory building:

b $274.07

step-by-step explanation:

you just devide 222 by 0.81

1. c

2. b

3. a

4. c

5. a

6. b

7. c

8. c

9.b

10. d

just took it 100%

answer; competency based pay;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.