An Example of a Negative Externality Is

question 224

Multiple Choice

An example of a negative externality is:

• A)​the benefit you receive when your neighbor installs a smoke detector.
• B)​the reduction in profits for your company that occurs when there is a decrease in consumer demand for the product you manufacture.
• C)​the sleep you lose when your neighbor throws a loud party next door that keeps you awake.
• D)​the change in the property values of your neighbors' homes when you paint your house and landscape your front yard

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Definitions:

μ

A symbol commonly representing the mean or average in statistics and probability, summarizing central tendency of a dataset.

M/M/1 Assumptions

Assumptions used in queueing theory for a single-server queue, including exponential service times and arrivals being a Poisson process.

Average Number

Denotes the numerical value found by dividing the sum of all values in a set by the count of values in the set.

μ

The sign typically utilized to denote the average or mean in math and statistical analysis.