1 Which of the following is an example of a positive externality? a Bob mows Hillary's lawn...
Question:
1 Which of the following is an example of a positive externality?
a Bob mows Hillary's lawn and is paid $100 for performing the service.
b While mowing the lawn, Bob's lawnmower spews out smoke that Hil lary's neighbour Kristen has to breathe.
c Hillary's newly cut lawn makes her neighbourhood more attractive.
d Hillary's neighbours pay her if she promises to get her lawn cut on a regular basis.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Principles Of Microeconomics
ISBN: 125206
8th Edition
Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw
Question Posted: