Refer to Figure 5-7. The marginal cost of reducing pollution curve is the same curve as
A) the demand for pollution reduction curve. B) the value of pollution reduction curve.
C) the negative externality curve. D) the supply of pollution reduction curve.
D
You might also like to view...
Refer to Table 4-7. If a minimum wage of $11.50 is mandated there will be a
A) shortage of 40,000 units of labor. B) surplus of 20,000 units of labor. C) surplus of 40,000 units of labor. D) shortage of 20,000 units of labor.
The tax fully dedicated to provide support for Medicare Part A is:
a. a tax on the health insurance premiums paid for all group plans. b. a 2.9 percent payroll tax paid by all workers, regardless of their age. c. the federal income tax. d. levied on the Medicare Trust Fund. e. the mandate tax paid by individuals who do not purchase health insurance.
Suppose that in 2011, 3 million plasma TVs were purchased at $950 each, while in 2012, 4 million plasma TVs were purchased at $800 each. What might have caused this change?
A. The price of LCD TVs (a substitute for plasma TVs) fell. B. The price of LCD TVs (a substitute for plasma TVs) rose. C. There was an advance in plasma TV manufacturing technology. D. There were fewer workers in plasma TV manufacturing.
Use the midpoint formula to answer this question. Suppose that as the price of Y falls from $2.00 to $1.90, the quantity of Y demanded increases from 110 to 118. Then the price elasticity of demand is
A. -4.0. B. -1.4. C. -3.9. D. -2.1.