Command-and-control policies lead to higher prices for consumers than pollution taxes do.
Answer the following statement true (T) or false (F)
True
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Fred and Barney fill egg cartons with eggs. Fred just started the job and can fill only 25 cartons an hour. Barney has significant on-the-job experience and can fill 50 cartons an hour. Both Fred and Barney work 50 hours a week. Fred's average weekly productivity is ________ cartons; Barney's average weekly productivity is ________ cartons; and as a team their average weekly productivity is ________ cartons.
A. 25; 50; 37.5 B. 25; 50; 75 C. 1,000; 2,000; 1,500 D. 1,250; 2,500; 1,875
Entry barriers are present in monopoly markets but are not in perfectly competitive markets.
Answer the following statement true (T) or false (F)
A productivity increase is illustrated by a shift in the production function
a. downward. b. leftward. c. upward. d. rightward.
How are depletion and pollution mirror images of the same problem?
What will be an ideal response?