What do you mean by spillover
What do you mean by spillover. Write short note on it?
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Government might correct spillover costs through regulation, which requires firms to internalize these spillover costs, or it might tax the spillover until it becomes too expensive for the firm to incur these costs. This effectively shifts the supply curve to the left as costs of production rise, and the new equilibrium output will be less and closer to the efficient level. Spillover benefits can be encouraged by government subsidies to the producers of these products or by government production. In either case, the supply curve shifts to the right which lowers the equilibrium price and leads to a greater equilibrium output level.
Describe the Euro?
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When the prices for doughnuts and croissants are $.50 and $1 correspondingly: (w) the opportunity cost for one doughnut is two croissants. (x) this is better to buy two doughnuts than one croissant. (y) one croissant will make Pierre twice as happy as one doughnut. (z
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Payments for the use of land, capital and labor are respectively termed as: (w) rent, wages and profits. (x) rent, interest and wages. (y) dues, profits and depreciation. (z) fruit, profits and money. Discover Q & A Leading Solution Library Avail More Than 1436514 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1939277 Asked 3,689 Active Tutors 1436514 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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