Conceptually, the efficient level of carbon emissions is the level for which
A) the marginal benefit of reducing carbon emissions is maximized.
B) the marginal benefit of reducing carbon emissions is minimized and the marginal cost of reducing carbon emissions is maximized.
C) the marginal benefit of reducing carbon emissions is equal to the marginal cost of reducing carbon emissions.
D) the marginal cost of reducing carbon emissions is minimized.
C
You might also like to view...
Which oligopoly model(s) have the same results as the competitive model?
A) Cournot B) Bertrand C) Stackelberg D) Both Cournot and Stackelberg
All of the following statements about the Toxic Substances Control Act (TSCA) are correct EXCEPT
a. TSCA was enacted in the 1970s. b. One of TSCA’s primary objectives is to control chemicals that pose a risk after they are introduced into commerce. c. TSCA is the legislation that governs U.S. chemical policy today. d. TSCA grants EPA the authority to require testing on existing chemicals and to review most newly introduced chemicals before introduced to commerce.
Refer to the information provided in Table 23.8 below to answer the question(s) that follow. Table 23.8
Refer to Table 23.8. The MPC in this economy is
A. 0.5. B. 0.6. C. 0.7. D. 0.8.
A frozen food manufacturer can produce either pizzas or calzones. As the result of an increase in the price of calzones, the firm produces more calzones and fewer pizzas. An economist would explain this by saying
A. the supply of calzones increased and the supply of pizzas decreased. B. there has been an increase in the quantity supplied of calzones and a decrease in the quantity supplied of pizzas. C. the supply of calzones increased and the quantity supplied of pizza decreased. D. there has been an increase in the quantity supplied of calzones and a decrease in the supply of pizza.