The above table shows the marginal benefits and costs from production of fertilizer. There are no external benefits. If the market is perfectly competitive and unregulated, the efficient level of output could be achieved by setting a per ton tax of
A) zero.
B) $30.
C) $80.
D) $110.
B
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Economists refer a to a market where buying and selling take place at prices that violate government price regulations as
A) a noncompetitive market. B) an outlaw market. C) a black market. D) a restricted market.
Environmental CSR that is undertaken to reduce negative externalities might be
A) altruistic. B) strategic. C) undertaken because of Internet-based scrutiny. D) All of the above.
If an increase in inflation permanently reduced unemployment, then
a. money would not be neutral and the long-run Phillips curve would slope upward. b. money would not be neutral and the long-run Phillips curve would slope downward. c. money would be neutral and the long-run Phillips curve would slope upward. d. money would be neutral and the long-run Phillips curve would slope downward.
Say's law was the centerpiece of
A. Keynesian economics. B. communism. C. classical economics. D. rational expectations theory.