Why might it be hard for companies to know how much pollution should be cleaned up?
A. Costs are too high so it's not worth all the time and effort to clean up the pollution.
B. Many costs of pollution are hard to see or itemize to get an accurate amount of the true cost.
C. The government is not clear on the rules and regulations for cleaning up pollution.
D. Companies value production and profit too much so they do not want to clean up too much.
Answer: B
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A. Everything else remaining unchanged, what is likely to happen to the demand curve for coffee workers if:
i. there is a fall in the price of coffee. ii. there is an increase in the wage rate. iii. there is a rise in the price of coffee seeds. iv. a new fertilizer that increases the productivity of coffee farmers is invented. b. Everything else remaining unchanged, what is likely to happen to the supply curve of female workers if: i. the opportunity cost of working outside home decreases. ii. there is an increase in the wage rates.
Department stores are monopolistically competitive because stores differ in the amount of customer service they provide.
Answer the following statement true (T) or false (F)
At an output at which ATC is greater than MC
A. the AFC curve is upward sloping. B. the AVC curve is upward sloping. C. the ATC curve is upward sloping. D. the ATC curve is downward sloping.
Using the figure above, suppose education is provided by public colleges, where tuition is set at $10,000 a year. Then, ________ million students are enrolled, and the taxpayers cover ________ of marginal cost per student
A) 15; $15,000 B) 7.5; $5,000 C) 3.5; none D) 15; $25,000 E) 7.5; $15,000