A negative production externality means:

Related MCQs

• In the case of a negative externality, the social marginal cost will
• A perfectly competitive steel mill that produces large amounts of pollution (a negative externality) will, from a social point of view
• Each of the following provides incentives to reduce a negative externality except:
• To reach an economically efficient output level, the size of an excise tax imposed on a firm generating a negative externality should be
• A negative externality from consumption occurs if there is a
• A positive consumption externality occurs when:
• Several combination of commodities x and y that the economy can produce by fully utilizing all of the fixed amounts of labour and capital with the best technology available is depicted by I. production possibility frontier II. transformation curve III. production possibility curve
• The M RTS L,K between any two inputs be equal in the production of all commodities. 3. The MRPTx,y be equal to the MRSx,y for any two goods.
• Points outside the production possibility frontier are
• The slope of the production possibilities curve is the