The marginal principle ________ to the determination of the efficient level of pollution abatement because ________.
A. applies; there are tradeoffs in terms of the costs and benefits of pollution abatement
B. applies; pollution abatement causes greater harm than benefits
C. does not apply; it is immoral to trade a dirtier environment for material wealth
D. does not apply; the costs and benefits of pollution abatement cannot be measured
Answer: A
You might also like to view...
A lender who is worried that its cost of funds might rise during the term of a loan it has made can hedge against this rise by
A) buying futures contracts on Treasury bills. B) selling futures contracts on Treasury bills. C) buying call options on Treasury bills. D) increasing the amount of money which it lends.
At the beginning of 2018, the Absorbo Company has 10,000 sponges in stock. During 2017, the company produces 200,000 sponges and sells 160,000 sponges. The Absorbo Company's stock of inventory at the end of 2018 is ________ sponges.
A. 25,000 B. 30,000 C. 40,000 D. 50,000
What arguments can be made against product differentiation and advertising?
What will be an ideal response?
Use the above table. If the marginal revenue product is $10, how many workers will the profit maximizing monopsonist hire?
A) 1 B) 2 C) 3 D) 4