The additional costs you expect to incur if you undertake an activity and the additional benefits you expect to receive if you undertake an activity are called ________ costs and benefits
Fill in the blank(s) with correct word
marginal
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Answer the following statement(s) true (T) or false (F)
1. The change in health, ecological, and property damages linked to environmental policy is known as incremental benefits. 2. An indirect gain to society attributable to environmental policy implementation is referred to as a primary environmental benefit. 3. Increased fish populations linked to water pollution policy would be a type of secondary environmental benefit. 4. In theory, the concept of incremental benefits refers to the change in MSB of environmental quality from a pre-policy level to a post-policy level. 5. If the MSB function for some measure of environmental quality were known, the change in TSB associated with a policy initiative could be measured by the area under the MSB between the pre- and post-abatement levels.
If taxes are $2,000 when income is $15,000 and they are $3,000 when income is $19,000, then the marginal tax rate is
A. 20%. B. 30%. C. 25%. D. 40%.
Free access and unrestricted mining of iron soon led to the depletion of the once abundant iron ores in Rockland. As a result, several economic activities were adversely affected
What caused the overexploitation of these resources when their conservation could have benefited all consumers?
When the demand for a good is inelastic and its price increases, the total revenue from the sale of the good will ________
A) increase B) decrease initially and then increase C) decrease D) not change