Author Question: As the relative price paid to a resource in a particular use rises, a. resources will be drawn from ... (Read 63 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
As the relative price paid to a resource in a particular use rises,
 a. resources will be drawn from lower-valued uses to higher-valued uses
  b. resources will be drawn from higher-valued uses to lower-valued uses
  c. resources will generally remain where they are currently employed
  d. the supply of that resource will shift to the right
  e. the supply of that resource will shift to the left

Question 2

The optimal level of pollution is
 a. zero
  b. the level at which the marginal social cost of air quality equals the marginal social benefit
  c. the level at which the average social cost of air quality equals the average social benefit
  d. the level at which the total social cost of air quality equals the total social benefit
  e. the level at which the marginal social cost of air quality is minimized



C.mcnichol98

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

For a complete list of videos, visit our video library