External marginal cost - Study guides, Class notes & Summaries

PJM Sample Test Review 2024 Questions and Answers Real time transmission constraints or contingencies may be alleviated with generators operating ______________ - Correct Answer ️️ -off cost out of merit. Monitoring ___________ may give insights into system constraints. - Correct Answer ️️ -Monitoring LMP's PJM calls for _____________ reserves to recover ace so that tie line schedules are maintained. - Correct Answer ️️ -PJM calls on synchronized reserves If not cancelled by...

WGU C429 Healthcare Operations Management Exam Questions and Answers Updated (Scored A+) Supply-side rationing is used by universal healthcare, HMO's and ACO's to cut down on A) Duplication of Effort B) Access to specialists C) Decrease provider communication D) Cost C An ACO (Accountable Care Organization) earns additional money by: A) Setting a flexible fee schedule B) Getting a share of money it saves Medicare C) Producing better patient results D) Both C & B D All Americans have...

UNT ECON 1100 EXAM 2 ACTUAL COMPLETE SET QUESTIONS AND EXPERT REVISED ANSWERS >> ALREADY PASSED Price controls such as price ceilings and price floors: - ANSWER : cause surpluses and shortages to persist since price cannot adjust to the market equilibrium price. Ceteris paribus, an effective (binding) price floor for a good leads to: - ANSWER : surpluses of the good. The efficient level of an activity is at the point where: - ANSWER : marginal benefit is equal to marginal ...

AGEC 315 Exam 2 Already Rated A+ External Cost ️a cost paid by people other than the consumer or the producer trading in the market Private Cost ️a cost paid by the consumer or the producer Social Cost ️-the total cost of producing a good or service, including both the private cost and any external cost -private cost + external cost Externality ️a cost or benefit that unintentionally falls on bystanders (no ill will was meant) Examples of externalities ️second hand smoke, s...

LUOA Economics Exam Questions and Answers All Correct List the three main functions of the price system. - Answer-1. Transit information 2. Incentivize 3. Determine Income Distribution Choose one price system function from your list and elaborate on its characteristics as a price-system signal, or as part of the price system. - Answer-Transferring information is when the price system send out needed/important information to consumers and producers about the best way to sell and distri...

MQM 220 Exam 2 Question and answers verified to passsupply side economies of scale - correct answer arise when a firm manufactures products in high volumes -large volume generally results in a much lower production cost barriers to entry - correct answer obstacles a firm may face while trying to enter a market or an industry rivalry among existing competitors - correct answer most intense when industry products/services lack differentiation or switching costs -fixed costs are high ...

PJM Sample Test Review 2024 Questions and Answers Real time transmission constraints or contingencies may be alleviated with generators operating ______________ - Correct Answer ️️ -off cost out of merit. Monitoring ___________ may give insights into system constraints. - Correct Answer ️️ -Monitoring LMP's PJM calls for _____________ reserves to recover ace so that tie line schedules are maintained. - Correct Answer ️️ -PJM calls on synchronized reserves If not cancelled by...

EC 238 Quizzes | Questions and Answers Why do people pollute? A. People pollute because this is the least expensive solution to the problem of what to do with their waste products leftover from production and consumption activities. B. People don't pollute, only large uncaring corporations pollute. C. People pollute only if no garbage cans are available. D. People pollute because they are inconsiderate and rude. According to the article by Diamond, why did the civilization on Easter Island co...

WPC 480 Midterm Exam Questions And Answers 100% Solved 2024/2025 The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing suppliers. A. True B. False - answerFalse According to the internal value chain analysis, which of the following is a primary activity? A. Research and Development B. Supply Chain Mgt C. Accounting D. Human Resources - answerSupply Chain Mgt _______________________ is best described as the difference between the...

WGU C718 vocabulary Test Questions with Answers 2024/2025 absolute advantage - ️️ -when a country (or person) can produce more of a good than another country (In this picture England has absolute advantage in both goods) accounting profit - ️️ -profit computed using only explicit costs (Acct Profit = Total Revenue - Explicit Costs) marginal external costs - ️️ -additional costs incurred by third parties outside the production process when a unit of output is produced adverse ...