A primary purpose of tradable pollution permits is to
A. Completely eliminate pollution.
B. Eliminate private costs.
C. Increase the level of pollution to optimal levels.
D. Reduce the cost of pollution control.
Answer: D
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Speculation during periods of inflation can result in all of the following except
A. A movement inward from the production possibilities curve. B. People buying resources for resale later, rather than using the resources for current production. C. More resources going into the production process. D. People buying gold, silver, jewelry, and the like instead of capital for production.
The monopolist's input demand curve is the
A) marginal revenue curve. B) marginal revenue product curve. C) marginal physical product curve. D) marginal factor cost.
Refer to the information provided in Figure 5.2 below to answer the question(s) that follow.
?Figure 5.2Refer to Figure 5.2. If the price of a hamburger increases from $8 to $10, the price elasticity of demand equals ________. Use the midpoint formula.
A. -0.33 B. -3.0 C. -30. D. -300
The demand for Healthy Bars, a health snack bar, is Qd = 10 - (2 × P) and Healthy Bars has a constant average cost of $3 per snack bar. If Healthy Bars wants to package their bars to create an all-or-nothing offer, what is the profit-maximizing number of bars to put into a package?
A) 2 B) 4 C) 10 D) 6