Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 11, Problem 6IAPA
To determine

Thequota of water that makes the use of spring more efficient.

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(Figure: Softella) Refer to the figure. The figure shows a market for medicated tissues. Assume that the only use for these tissues is to wipe and clean one's hands, thus preventing germs from spreading to other people. What is the dollar amount of the external benefit (per box) that is created by the use of this product? Supply $16 12 Social value Demand Quantity of boxes of softella medicated 500 700 tissues Select one: a. $16 b. $12 c. $24 d. $8
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