This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The optimal level of pollution is: a. the level at which the marginal social cost of air quality ... (Read 159 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
The optimal level of pollution is:
 a. the level at which the marginal social cost of air quality equals the marginal social benefit.
  b. the level at which the average social cost of air quality equals the average social benefit.
  c. the level at which the total social cost of air quality equals the total social benefit.
  d. zero.

Question 2

The marginal propensity to consume:
 a. is the proportion of disposable income that is consumed.
 b. is the ratio of disposable income to consumption.
 c. is the change in consumption relative to a change in disposable income.
  d. minus the marginal propensity to save must equal 1.
 e. is greater than 1 at all levels of income.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


jc611

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Jun 30, 2018
Thank you :)


lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Phrases that Decrease Customer Service Level Phrases that Decrease Customer Service Level
Sociologists disagree about the relative significance of race and social class in determining social ... Sociologists disagree about the relative significance of race and social class in determining social ...
Pollution in the Industrializing Nations has become a major problem. The air in Beijing is hazardous ... Pollution in the Industrializing Nations has become a major problem. The air in Beijing is hazardous ...
Quality control analytics Quality control analytics
Economic and Social Development Economic and Social Development
Social and leisure organizations VS. activities by Canadians age 65 and older. Social and leisure organizations VS. activities by Canadians age 65 and older.
Video: Introduction to Human Immunodeficiency Virus (HIV)

For a complete list of videos, visit our video library