For a common resource, efficiency requires that the ________ ...

[Coya19@aol.com]

For a common resource, efficiency requires that the ________ equals the ________.
 
  A) marginal private benefit; marginal private cost
  B) marginal social benefit; marginal social cost
  C) marginal private benefit; marginal social benefit
  D) marginal social cost; marginal private cost

Question 2

Albert, Betty, and Cecile live in Norland. Their annual incomes and the amounts they pay in income tax are shown in the table below.
 
  Income Tax
  Albert 40,000 8,000
  Betty 30,000 4,500
  Cecile 60,000 18,000
 
  The income tax in Norland is
  A) proportional.
  B) fair.
  C) regressive.
  D) progressive.

[janeli1]

Answer to Question 1

B

Answer to Question 2

D

[Coya19@aol.com]

YES! Correct, THANKS for helping me on my review

[rleezy04]

Thanks for the timely response, appreciate it