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If the Marginal Social Cost of Producing a good is higher than the marginal private cost -what has happened?

A Negative Externality. For example, in the production of Fuel, the private cost of producing the good (i.e £1) many not take into account the social cost of production (e.g pollution, climate change ect. )
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Answered by Aled H. • Economics tutor
3566 Views

When do I use 'a' with an accent and 'a' without an accent?

'A' without an accent represents the verb 'avoir', it can be used as a verb or an auxiliaire and can therefore in a sentence be replaced with avoir. 'A' with an accent can't t be replaced by avoir but is als...
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Answered by Maddie O. • French tutor
3280 Views

The population of a town is 20000 at the start of the year 2018. A population model predicts this population will grow by 2% each year. (a) Find the estimated population at the start of 2022.

The first piece of information we need to extract from the question is the area of maths we are working in. The populations at the start of each year form a sequence. The first term of the sequence is 20,000...
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Answered by Fergus G. • Maths tutor
4881 Views

Define the term public good and give me two examples of public goods.

A public good is a good or service which is both non-rival and non-excludable. Non rival means that one person consuming the good does not stop somebody else from consuming it. For example, cake is rival, as...
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Answered by Tim C. • Economics tutor
4631 Views

Describe the 4 layers of the TCP/IP model

The Application layer is the first in the stack; it uses high-level protocols that set an agreed standard for the communicating end-points; related to the application used to transmit data. It does not actua...
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Answered by Jose R. • Computing tutor
4258 Views