The marginal cost curve of pollution abatement
A) slopes upward because of the law of diminishing product.
B) slopes upward because firms will maximize profits.
C) slopes downward because of the law of diminishing marginal utility.
D) slopes downward because of the law of diminishing returns.
A
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Use Tobin's q theory and the neoclassical theory of investment to explain why investment rises so rapidly once the economy has passed the trough of a business cycle
What will be an ideal response?
Microeconomics is the branch of economics that deals with which of the following topics?
A) The behavior of individual consumers B) Unemployment and interest rates C) The behavior of individual firms and investors D) B and C E) A and C
The regular earnings profile of an individual throughout his or her lifetime is
A) the Lorenz curve. B) the age-earnings cycle. C) wealth. D) income-in-kind.
Each point along a nation's production possibilities frontier represents efficient use of all resources
a. True b. False