The optimal pollution level is found where the marginal social benefit of polluting equals the marginal social cost of polluting.
Answer the following statement true (T) or false (F)
True
You might also like to view...
To graph a relationship among several variables, we hold all but ________ variable(s) constant and use the ________ assumption
A) one; scarcity B) two; ceteris paribus C) three; scarcity D) one; ceteris paribus E) one; absence of trend
Both the supply and demand curves can shift due to changes in income
a. True b. False
A predicted value of a dependent variable:
A. represents the difference between the expected value of the dependent variable and its actual value. B. is always equal to the actual value of the dependent variable. C. is independent of explanatory variables and can be estimated on the basis of the residual error term only. D. represents the expected value of the dependent variable given particular values for the explanatory variables.
A production possibilities frontier with constant opportunity cost is considered:
A) convex. B) concave. C) a straight line. D) horizontal.