The optimal quantity of pollution in the above figure
A. is the level of pollution at which the marginal benefit equals the marginal cost.
B. is defined as the level where the marginal benefit is at a maximum.
C. is where the optimal degree of air cleanliness is 100 percent.
D. cannot be determined.
Answer: A
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What environmental problem gets worse as income rises according to your text?
What will be an ideal response?
The factor of production called "capital" refers to:
A. manufactured goods that are used to produce new goods. B. any piece of raw material that is used to produce goods and services. C. any input that's not a human being or dirt. D. the amount of money a firm has access in order to run its business.
Which of the following statements is true?
a. Economic theory does not make unrealistic assumptions. b. Economists should not ignore details while focusing on complex problems. c. Abstraction forms an important part of economic analysis. d. The word theory means same for both economists and laymen.
Budget deficit
What will be an ideal response?