As more pollution is abated, the marginal social benefit from further abatement diminishes
a. True
b. False
A
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What are the distinctions between domestic and national, and gross and net?
What will be an ideal response?
Refer to Table 3-2. The table above shows the demand schedules for caviar of two individuals (Ari and Sonia) and the rest of the market. At a price of $55, the quantity demanded in the market would be
A) 42 oz. B) 136 oz. C) 178 oz. D) 233 oz.
From before the financial crisis began in September of 2007 to when the crisis was over at the end of 2009, amount of Federal Reserve assets rose, leading to
A) a huge increase in the monetary base. B) a huge expansion of the money supply. C) an economic expansion. D) a high inflation.
If MC > MR,
A. output should be reduced. B. marginal profit is positive. C. there are losses. D. output should be increased.