The costs of pollution abatement
A) increase at an increasing rate with the increase in pollution abatement.
B) increase at a decreasing rate with the increase in pollution abatement.
C) decrease at an increasing rate with the increase in pollution abatement.
D) decrease at a decreasing rate with the increase in pollution abatement.
Answer: A
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The value of a loan of $500 after a year at 3 percent interest is:
A. $509. B. $515. C. $565. D. $1,500.
If two economists disagree on an issue and their disagreement is based on personal value judgments, then this controversy is a normative one
a. True b. False
Which of these instances would constitute labor-market discrimination? Henry receives a higher wage than Ryan. Henry and Ryan are identical in all of their labor-market characteristics except that
a. Henry is a college graduate, and Ryan has only a high school diploma. b. Henry has 10 years of experience at his job, whereas Ryan has only five years of experience. c. Henry is white and Ryan is Black. d. by objective measures Henry consistently outperforms Ryan.
?Figure 7.1 shows the U-shaped cost curves for a producer. In the figure below, A is the marginal cost curve, B is the average variable cost curve, and C is the average total cost curve. The vertical distance between lines B and C at any level of output represents _____.
a. ?average total cost b. ?average marginal cost c. ?marginal cost d. ?average fixed cost e. ?average variable cost